Thread: Riga v Moscow
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Old 17-04-2008, 08:49 PM
nickinberlin nickinberlin is offline
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Default Riga v Moscow

Hi all - judging by the stratospheric property prices in Moscow (and to a lesser extent Saint-Petersburg), is it fair to assume that in due course Riga - boasting a majority Russian population and being a safe EU haven - can follow the same trajectory, with a two-tier market - exSoviet and Premium? Russian buyers are active in Riga - with the barrel at $115 and considering that Moscow's square meter is at €15,000 (which beggars belief), isn't Riga on the way to do the same? Some developments (on Wagnera and the Da Vinci project) are already nearing €10,000! Comments welcome...
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