Since regaining its independence in 1991, Latvia has been experiencing fundamental changes.
These challenges and the transformation of the economic situation and its
consequences have influenced many aspects of the life of the whole country including
housing sector development in Latvia. At the same time, the attitudes of the society
and professionals to the housing and its management have changed, which are quite
different from the approaches within the period of centralized economy.
The housing reforms during the transition period were marked by an emphasis on privatization of the state and municipal housing, restitution, restructuring and
privatization of the housing industry, reduction of supply and demand subsidies and
deregulation of real estate market.…
