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The Buyer's Guide
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- What taxes in Latvia do property owner pay?
- How much does maintenance of real estate in Latvia cost?
- How can a buyer of real estate obtain a residence permit in Latvia?
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Real estate in Latvia: residential property prices
Many investors decide to put their funds into Latvian residential property. Property buyers are attracted by reasonable prices and the favourable environmental situation. Latvia also has one of the most affordable residence-by-property investment programmes in Europe.
Riga is the most popular with tourists and buyers. Property for sale in Riga is available from €120,000. Most property listings feature residential property in the Central District, Vecrīga and the Vidzeme District. Advantageous offers can also be found in the area of the Latgale Suburb. Latvia’s property market is developing: the old buildings are being renovated, and the new districts are being built up.
Investors often want to buy residential property in Jūrmala, the largest resort of Latvia. Detached house in Jurmala is available from €130,000. Property prices mostly range from €250,000 to €350,000. Relatively cheap residential property can be found in the provincial towns of Daugavpils, Mārupe and Saulkrasti. The average property price is €300-500/m².