THE INFLUENCE OF NATIONAL ECONOMIC DEVELOPMENT ON THE REAL ESTATE MARKET OF LATVIA

ADMIDIhS Didzis and Janis Zvanitajs
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ADMIDIhS Didzis: Riga Technical University, Latvia
Janis Zvanitajs: Riga Technical University, Latvia

Perspectives of Innovation in Economics and Business (PIEB), 2009, vol. 3, issue 3, 52-54

Abstract: This article reviews the real estate market development dynamics over the last decade in Latvia. The article describes the influence of various economic factors on the real estate market. These factors are gross domestic product, unemployment, crediting amount, retail sales turnover, and others. The article provides insight into the most critical development periods of economy and property market in Latvia and explains their regularities.

Keywords: Real estate market; economic development; economy of Latvia. (search for similar items in EconPapers)
JEL-codes: E32 L85 (search for similar items in EconPapers)
Date: 2009
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