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Apartment in the new project in the centre of Riga, Latvia

379,000 €
3,106 € /m²
  • Total area
    122 m²
  • Bedrooms
    3
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Features
  • 4-floor building
  • 1 floor
  • Built in 2013
  • Balcony or terrace
  • Garden

An extraordinary residential project

is located in Riga, in an intimate green part of Kipsala Island, on the bank of the Daugava River.

The project complex, with an inner garden

courtyard, includes 58 upscale apartments

and four villas. Apartment areas range from 57

– 327 sq. m. There is a spectacular view from

your windows of the Old Town, the Harbor and

Riga Castle (the President’s Palace). Adjacent

to the development there is a private marina for

motorboats and yachts. The value of this project

lies in its location—a quiet inshore center of

Riga—and the distinctive, top-tier architecture

that combines the comfort and style of the

twenty-first century.

Project was commissioned in May 2013.

The offered 3-room apartment with a terrace is located in Red Ship House and is sold with full finishing.

This impressive red-brick building encloses the

entire project from the North and so acts as the

“mainsail” of the complex.

Its stunning penthouses, with panoramic windows and terraces, show visionary planning and design; these

residences were created for extraordinary and sophisticated individuals. They are a marvelous place to relax, bask

in the sun, and luxuriate in the breeze and the view. All apartments have several bedrooms, and balconies, as well

as windows on both sides of the building, thus ensuring maximum exposure to clear light.

The project emphasizes luxury design

solutions, and thus both exteriors and

interiors exhibit only the finest examples of

materials and equipment.

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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  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

More properties

If this property wasn’t for you, take a look at other apartments for sale in Latvia.

You can see more apartments for sale in Kurzeme District elsewhere on our website.

Statistics in Riga

Price per m², €
1,733
Healthcare efficiency level
62
Index 62 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
62
Index 62 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.

Real estate Price, €
Apartment in the city centre, m² 1,732.56
Apartment in a bedroom community, m² 1,076.71
Transport Price, €
Public transport, 1 ride 1.15
Monthly travel card 50.0
Taxi, 1 km 0.62
Petrol, 1 l 1.25
Food Price, €
Water, 1.5 l 0.59
Milk, 1 l 0.9
White bread, 500 g 0.85
Eggs, a dozen 1.65
Chicken fillet, 1 kg 5.26
Education Price, €
Kindergarten, per month 321.67
International school, per year 10,823.53
Health care index
Staff competence 67.76
Medical equipment 70.83
Research accuracy and completeness 63.0
Attitude towards patients 60.86
Security index
Crime rate 38.04
The risk of being robbed 32.0
The risk of car theft 46.81
The risk of break-in and property damage 46.9

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
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      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.

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        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.

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