Dear Nick,

Riga will never become Moscow not Moscow ever become Riga. Russian capital is home to many tycons, and american, european expats. Riga can be viewed as one of many rich russians holiday places. Not a main residence.

Passing 20% rental increase in one year, no wonder people in Riga dislike property investors lol Still well done

Yes Riga is a nice spot however who are your buyers? Local salary there arent high. People borrowed a lot now banks` money are tight, no more cheap loans. Who will you sell to? Just curious here.

Tell us more about fundamentals you referring to.


Regards,

Alex