House Hunting in Latvia: A Sprawling Forest Compound for $513,000
Irina Alazova, the CEO of Mercury Group Limited, a Latvian real estate company, said that starting in 2015, it became “almost impossible to get mortgages,” after the government tightened lending restrictions. Around the same time, the country’s residential permit program, which allowed foreign buyers to apply for permanent residence, increased its minimum required purchase, causing…