The new brand will focus on premium properties in the regions

Baltic Sotheby’s International Realty, the leader of the premium property market in the Baltic States, has restructured and will continue to operate in Latvia under the brand Latvia Sotheby’s International Realty, not only focusing on the premium market of Riga, Pieriga and Jūrmala, but also paying more attention to such properties in Latvian regions.

As a result of the restructuring, there have been changes in the company’s ownership structure and management – Ilze Mazurenko is the sole owner and manager of Latvia Sotheby’s International Realty, while Baltic Sotheby’s International Realty continues to operate separately in the Lithuanian and Estonian markets under the leadership of Vestards Rosenberg. “Restructuring, creating a separate brand with a focus on the Latvian premium property market, is necessary to strengthen the company’s growth directly in the local market, which shows stable growth indicators every year, even despite various challenges. During the pandemic, people have accumulated funds and are looking for sustainable and safe ways to invest in them. Real estate, especially the premium segment – is a constant investment classic, as their value only grows over the years. Currently, there are no signs that the activity in the Latvian premium property market could decrease, on the contrary – after the pandemic the volume of restrictions reduction transactions has increased rapidly,” comments Ilze Mazurenko, owner and manager of Latvia Sotheby’s International Realty. Latvia Sotheby’s International Realty continues to participate in the Sotheby’s International Realty real estate franchise network, which provides international support, a wide network of contacts, access to the global market and premium property databases worldwide.

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