Inconsiderate proposal on cadastral values will negatively affect investments - alliance

  • 2020-07-27
  • LETA/TBT Staff
RIGA - Inconsiderate proposal on cadastral values will leave a negative impact on investments in new housing, offices, production plants and other properties in Latvia, said Martins Vanags, chairman of the board at the Alliance of Real Estate Developers. He said that the planned cadastral values of real estate properties starting from 2022 will grow three or more times, which means that property tax for offices, productions plants, logistics centers, hotels will grow three times on average. "New housing prices will grow by about 5 percent. It is a ...
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