Development land – Piņķi, Babīte Municipality, Latvia

550,000 €

Land area
2,800 m²

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Sold land in Vaivari (in 2 location) on the street Asaru 74 and 74a opposite Vaivari rehabilitation center, 200 m from the sea. Asaru 74 area — 1201 m². Density — 40%. Maximum number of floors — 3. Asaru 74a area — 1201 m². Density — 40%. Maximum number of floors — 3. Total land area — 2440 m². Project is coordinated and received a building permit for 2-apartment buildings. Total area of both houses 2800 m² (800 m² underground parking). Cost 225 EUR/ m²

Extra opportunities

We can help you with your Latvian residency permit application when buying a property worth €250,000 or more.

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Location right down to the building, street or city
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If this property wasn’t for you, take a look at other development land for sale in Latvia.

You can see more development land for sale in Piņķi elsewhere on our website.

Statistics in Latvia

Price per m², €

1,591

Healthcare efficiency level

Index 64 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate

Index 63 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Compare with: London, Berlin, New York City, other location

Real estate	Price, €
Apartment in the city centre, m²	1,590.57
Apartment in a bedroom community, m²	991.85

Transport	Price, €
Public transport, 1 ride	1.15
Monthly travel card	50.0
Taxi, 1 km	0.6
Petrol, 1 l	1.25

Food	Price, €
Water, 1.5 l	0.58
Milk, 1 l	0.89
White bread, 500 g	0.83
Eggs, a dozen	1.61
Chicken fillet, 1 kg	5.05

Education	Price, €
Kindergarten, per month	306.38
International school, per year	10,502.22

Health care	index
Staff competence	69.84
Medical equipment	72.44
Research accuracy and completeness	64.84
Attitude towards patients	63.59

Security	index
Crime rate	36.55
The risk of being robbed	30.79
The risk of car theft	44.29
The risk of break-in and property damage	46.83

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

How to buy property with Tranio

Enquiry

Send us an enquiry with an approximate description of the property or investment project you’re interested in.

Meeting the partners

After clarifying your enquiry, we will introduce you to our partners and/or local agents.

Offer selection

We will help you to select suitable options. Tranio does not charge a commission for this — the property price remains the same as if you contacted our partner directly.

Viewing tour

You then view the property or properties you have chosen. Our partners or agents from Tranio's European offices will meet you in situ.

Transaction closure

Having chosen the best property, you will sign the sales or investment agreement (for development).

FAQs

Can I get a mortgage abroad?

It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

How does the purchase procedure work?

The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

Can a residence permit be obtained by buying property?

In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

Can I obtain income from a seaside apartment?

Yes. You can use the purchased property yourself for holidays and lease it to tourists for the rest of the time. To avoid the hassle of finding tenants and cleaning the property, it’s a wise idea to hire a management company to do all the work – these services usually cost about 20% of the rent. Take into account the length of the tourist season in the location you choose: in certain regions it will be easy to rent apartments out all year round, while in others it might only be possible to do so during the high season.

How does Tranio make money if your service is free for the clients?

We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

Who guarantees the transaction security?

The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.