Residential tenancy as a viable substitute to home-ownership in Latvia

Abstract

In light of the high rates of owner-occupancy and the view of residential tenancy being an inferior type of tenure, the Latvian government for the past decade has tried to implement a new regulation for residential tenancy to cure the situation. This thesis presents a comparative analysis of both, the regulatorily environment and the present economic and social situation, of the tenancy market in the Baltic states. Based on the findings, and by adding a theoretical framework of the necessity of a sound residential tenancy market, an assessment of possibility for the proposed regulation to reach its aims is presented.