Skip to content

Booksellers & Trade Customers: Sign up for online bulk buying at trade.atlanticbooks.com for wholesale discounts

Booksellers: Create Account on our B2B Portal for wholesale discounts

Assessment of Price Bubbles in the Housing Market of Latvia

by Sebastian Meyer
Save 12% Save 12%
Current price ₹4,145.00
Original price ₹4,685.00
Original price ₹4,685.00
Original price ₹4,685.00
(-12%)
₹4,145.00
Current price ₹4,145.00

Imported Edition - Ships in 18-21 Days

Free Shipping in India on orders above Rs. 500

Request Bulk Quantity Quote
+91
Book cover type: Paperback
  • ISBN13: 9781718078208
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Independently Published
  • Publisher Imprint: Independently Published
  • Publication Date:
  • Pages: 262
  • Original Price: USD 47.8
  • Language: English
  • Edition: N/A
  • Item Weight: 490 grams
  • BISAC Subject(s): Research & Development

Residential prices reached their peak in the Latvian housing market in 2008.According to local, national and global statistics, housing prices in Latvia, particularly indowntown region of Riga, have belonged to the most expansive ones in Europe since the2000s. In this context, a sharp increase of around 600% and a subsequent decrease of about70% in residential prices took place in Riga between 2003 and 2009. In 2008, with requiredcapital injections of around $ 15 trillion, the financial and economic crisis took place. Latvia'sstructure of GDP mostly included real estate with a stake of around 17,5% in 2008.Consequently, the economy contributed to 50% of the cutback of real GDP growth. Putting itin a nutshell, there is also a mutual relationship between the Latvian mortgage and bankingcrisis. Therefore, Latvia's economy was particularly hard affected by the bubble burst in thedomestic real estate market in 2008. The Latvian housing market also exemplifies themechanism of relationships of commercial banks and homeowners.

Trusted for over 49 years

Family Owned Company

Secure Payment

All Major Credit Cards/Debit Cards/UPI & More Accepted

New & Authentic Products

India's Largest Distributor

Need Support?

Whatsapp Us