Suburbs attract in Riga

Latvia is still recovering from the financial crisis. There is a lot of potential in the country, and the inhabitants of the capital Riga are now looking for apartments in the suburbs. YIT’s operations in Latvia started in the late 1990s when it acquired an Estonian construction company which had a subsidiary in Riga. Despite being neighbours, Estonia and Latvia have very different housing markets. “YIT Latvia’s main business segment is residential construction. The local company has also carried out contracting on a small scale,” says Tom Sandvik, Senior Vice President, Central