Moscow offices are so expensive that many Russian companies аre becoming increasingly interested in the commercial real estate in neighboring Latvia, according to ee24.com citing freecity.lv. Office rental in Moscow is several times more expensive than in Riga.
At the 5th European Congress of the International Real Estate Federation FIABCI, CEO of Dekarta Property Denis Kim said that many Russian and Ukrainian businessmen were ready to move to serene European harbor away from political issues in their countries. "In the next three years the situation will not change," Kim said.
Among the positive factors that attracts businessmen to Riga are: security, lack of corruption, and a high level of financial institutions development. Territorial availability is also significant. You can go to Riga by plane, train or even car. And thanks to high technology you can be in touch with office in Riga, while you are in Moscow or any other city in the world.
The businessmen who move to Riga expect to find there commercial and residential real estate of high quality. Location also matters: educational, shopping and entertainment facilities must be around. In general, offices and apartments have to be up to scratch and not worse than in Moscow.