Residence permit in Latvia. How to obtain Latvian citizenship Golden Visa in exchange for property investment or purchase.
About one-third of ultra high net worth individuals (UHNWIs) hold dual nationality. Another one-third of them plan to obtain a second nationality in the future. The easiest way for them to get residency or nationality of another country is to participate in a golden visa programme, which grant individuals residence permits for investing in the issuing country.
Tranio analysts investigate how
It costs about 1.0–1.5% of the property value per year to maintain real estate in Latvia.
Latvia has a simple and convenient tax system. There is no inheritance, gift or wealth tax.
Mortgage rates in Latvia are 2-3 times higher than in Austria and Germany. However, obtaining a loan in Latvia is relatively simple: the process is not time-intensive, and down payments can amount to 30%.
The Baltic state of Latvia is popular with foreign buyers for its low prices, historic atmosphere and quiet appeal. Citizens of other countries are welcome to purchase property in nearly any location excluding border areas, the protective belt of the Gulf of Riga and the Baltic Sea as well as sheltering lines of other bodies of water, farmland and forests. Foreigners can, however, lease this land for up to 99 years.
80% of foreign investors purchasing property in Latvia are Russian with the capital Riga attracting half of all property sales.
Poland, Romania, Hungary, Czech Republic and Latvia are experiencing economic growth, getting nods from investors, but still facing stable or — at best — modestly increasing rental rates and property prices. Nevertheless, experts are expecting some growth, which makes the countries a possible investment target at the very least.
Money is flooding into European commercial property markets. This article by Tranio expert, Yulia Kozhevnikova, reviews the top trends, destinations and segments to look at this year.
Sluggish economic growth, geopolitical strife and a spate of currency devaluations have seen increasing levels of capital flight from fragile states.
Most overseas property buyers are over 55 and already planning real estate succession before they sign the sales contract.
Russians spent more on property in Q3 2015 according to the latest report published by the Central Bank of Russia, but this quarter’s weak ruble leaves future growth in doubt.
Countries with lower property prices sell more to
Buyers often wonder whether real estate agents are necessary when buying property. At Tranio, we truly believe they are. Read on to find out why.
Russia’s recession has hurt foreign investments, but it has not affected their buying habits as buyers continue to seek out luxury residential property abroad.
In Europe, no law prohibits foreign citizens from buying property but certain countries have put limitations on this right.