Recent data released by JLL shows that China's overseas real estate transaction volume exceeded $5 billion in 2013, breaking the previous record of $4 billion set in 2012. This is closely related to the "citizenship by investment" policies introduced by many European countries in recent years. For example, in areas outside the capital of Latvia, the threshold is as low as €75,000; Greece requires a property purchase of over €250,000; while Portugal and Spain are slightly more expensive at €500,000.
As the European country with the lowest threshold for investment immigration, Latvia has a land area equivalent to twice the size of Hainan Province. In Latvia, you can purchase a villa for 700,000 to 800,000 RMB, and there is no concept of "gross floor area"—only "usable area." After purchasing a property, it can be rented out; apartments are relatively easier to rent, while villas are harder to rent due to their large size. The monthly rent for a villa is between 2,000 and 3,000 RMB. Properties in Riga are primarily villas. Real estate in Riga is mainly located on both sides of the Daugava River and in the areas east and west of Maskavas iela.
Forests cover 80% of Latvia, and dense forests can be seen everywhere, including in Riga. Winters are not very cold, lasting from November to March or April, with temperatures comparable to winter in Beijing. Summers are not hot, and air conditioning is not needed in Latvia. The monthly cost of living for a family of three in Latvia, if cooking at home, is about 3,000 RMB. If you are looking for a quiet and leisurely environment, Latvia is an excellent choice.