Latvia
Should I buy or rent a home in Latvia?
If you have not spent a lot of time in Latvia, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Buying a home in Latvia can be a great investment, as the country has a strong economy and a growing real estate market. However, it is important to consider the costs associated with buying a home, such as closing costs, taxes, and maintenance fees. Renting a home in Latvia can be a more affordable option, as it does not require a large upfront investment. Additionally, renting can provide more flexibility, as it allows you to move more easily if your circumstances change. Ultimately, the decision to buy or rent a home in Latvia should be based on your individual needs and financial situation," remarked another expat in Latvia.
Other Questions:
- What do I need to know before retiring in Latvia?
- How do I meet people in Latvia?
- What is life like in Latvia?
- Is there a lot of crime in Latvia?
- Is there a lot of diversity? Are people in Latvia accepting of differences?
- What are the schools in Latvia like?
- Is the cost of living in Latvia high?
- What advice do you have for expats having a baby in Latvia?
- What are healthcare services like in Latvia?
- Is the cost of living in Latvia high?
- What type of recreational facilities are in Latvia?
- What is the weather like in Latvia?
- Are there good restaurants in Latvia?
- Where will I buy groceries and do other shopping in Latvia?
- What are the visa & residency requirements in Latvia?
- Are healthcare and health insurance expensive in Latvia?
- What do I need to know when buying property in Latvia?
- Are foreigners allowed to own property in Latvia?
- What appliances are typically included in a rental?
Should I buy or rent a home in Latvia?
If you live in Latvia, newcomers to Latvia would love to hear your answer to this question.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
