Has become a highly desirable destination. Capital of the until recently enigmatic little nation of Latvia, this is the emergent equivalent of Prague or Budapest in terms of tempting the visitor to its cobbled streets and domed orthodox and art nouveau architecture, where culture is not just for the elite. Founded in 1201 and once a Hanseatic port, Riga was occupied by the Russians from the eighteenth century onwards. TA generation of venerated Latvian architects during the art nouveau period made Riga the jewel of a European city it is today.
Delighted Latvian homeowners have seen a record-breaking 39 percent growth in house prices in the capital Riga during the past year, currently topping the house price league by far. Nearest rivals Bulgaria and Denmark clocked in twenty percentile points lower. The Balkan beach zone par excellence, Jurmala, located three minutes by train from the capital, is currently the focus of a one hundred million Euro investment project “Sundays,” which comprises fifteen hectares of parkland and four hectares of development. Work started in August of this year.
