Properties
Letting your second home
Do you own a second home in the Baltics and have decided - or for
financial reasons, need - to rent it out? If so, our 5-point checklist
should help you get started and begin generating some rental income.
1) Check regulations and complete the necessary
paperwork. Confirm with your municipality and development whether
your property is eligible to be rented out. Popular tourist destinations
often have local laws prohibiting or limiting the rental of
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What to expect from an agent in the Baltics
If you've decided to buy in a Baltic country, it's likely
you'll have some personal connection or already be familiar with either
Latvia, Lithuania or Estonia. Anyone starting from scratch would do well to
start their hunt for an agent by contacting the appropriate British Chamber
of Commerce in whichever Baltic nation you are interested in. Latvia has a
trade association for estate agents, LANIDA, set up to help maintain
professional levels of service in the real estate
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Making the most of your Baltics viewing trip
The Baltics consist of Estonia, Lithuania and Latvia and every year all
three countries enjoy a vast amount of tourism and immigration alike. As
more people look abroad for a better way of life, it is places like the
Baltics which are becoming popular; popular due to their great lifestyle,
value for money on property and the weather and scenery.
One thing to consider greatly however is that when it comes to buying
property in the Baltics, whichever country you go for, make sure
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Choosing where to buy in the Baltics
It was the capital cities of Estonia, Latvia and Lithuania that first
attracted overseas buyers to these Baltic countries. That was when they
offered buy-to-let opportunities during the property boom years of the
second half of the last decade which were especially appealing to foreign
investors.
Like most places, the property markets of the Baltics were affected by the
economic crash in 2008 and prices have fallen considerably and foreclosures
are common. Now could be the time
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The role of an estate agent
The Baltic’s aren’t your everyday second home or emigration
destination, so chances are, if you’ve decided to buy there,
you’ll have some personal connection with Latvia, Lithuania or
Estonia and hopefully some contacts there.
If not, a good starting point for finding an agent – or getting
recommendations - could be the corresponding British Chamber of Commerce
for each of the States. Latvia has a trade association for estate agents,
LANIDA, set up
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