99% of what you need to know before buying real estate in Latvia

Report

THE LATVIAN PROPERTY MARKET IN 2024

If you're thinking about buying property in the Land of the Balts, there are a few things you should know about the market.

Skip the lengthy 100-page reports filled with complex words, old info, and unsupported opinions. This document is different. Data is fresh and presented in easy words, useful graphs, and engaging charts.

After just 20 minutes of reading, you'll know more than 95% of people considering property investment in Latvia.

Report

PRICES, RENTS AND YIELDS IN LATVIA IN 2024

What can you buy with €100,000 in Riga? What is the average yield in Latvia? Do property prices tend to soar?

This report will give you solid answers, using data sourced from our analysis of over 3,400 properties that have been available on the market. Then, you will know what you can expect when you're hunting for properties.

Report

ANALYSIS - IS NOW A GOOD TIME TO BUY?

Is now a good time to invest in property in Latvia? While some might say 'yes,' your Latvian friends might be more cautious. Remember, opinions are like viewpoints and may not always be very solid.

In this document, we take the last notable trends in Latvia (prices, yields, inflation, political climate, investor confidence, etc.) and tell you what they mean. Then, you can decide to go ahead or not.

Guide

ANATOMY OF A GOOD / BAD PROPERTY DEAL

Did you check out a property you're thinking of buying? Not sure if it will make a good investment? Well, it's actually not too hard to determine.

Bad investment decisions in Latvia always seem to follow the same pattern. But if we analyze certain key factors, we can easily determine if an investment is likely to fail or not. Wondering what to pay attention to? This document has all the answers for you.

Guide

THE FULL BUYING PROCESS, STEP BY STEP

Do you need a notary or a lawyer? When do we give the deposit in Latvia? How do you ensure proper property ownership? Are there any particularly error-prone stages?

From the start of your property search to the moment you obtain the keys of your property, this document will be your go-to guide. Use it frequently to double-check every important aspect to ensure nothing is overlooked and that everything is progressing as it should.

List

25 CONTACTS TO BUY A PROPERTY IN LATVIA

The right people can make you save time and money. With that in mind, we've compiled a complete list of contacts you'll find indispensable while buying property in Latvia. From A to Z, we've got you covered.

Inside this document, you'll have access to: Latvian real estate agents, property listing websites, Latvian real estate lawyers, property insurance agents, property managers, moving companies, and even expat communities in Latvia.

Guide

WHAT YOU NEED TO CHECK BEFORE BUYING

Misunderstanding 'Nekustamā īpašuma nodoklis,' navigating land use designations, and overlooking 'Zemesgrāmata' records... there are common pitfalls when purchasing property in Latvia.

Without knowing the legal and cultural landscape well, it's easy to fall into common traps that have led many to regrettable financial outcomes. Don't be another one.

List

ALL THE DOCUMENTS AND WHAT THEY MEAN

Do you understand the purpose of a 'Zemesgrāmatas Ieraksts' (Land Register Entry) in Latvia? What should be considered when obtaining a 'Zemes Nomas Līgums' (Land Lease Agreement)?

Our team has reviewed all the documents you'll encounter when dealing with property – whether you're buying, renting, selling, or living in one. Each document is explained briefly: its purpose, when to use it, who provides it, and key things to be cautious about.

Guide

WHERE AND HOW TO GET A MORTGAGE AS A FOREIGNER

If you're seeking financing options in Latvia, this guide will prove to be highly valuable.

We have gathered all the information you need to apply for a mortgage with banks in Latvia. This includes details on eligible banks, step-by-step guidance for the entire process, and helpful tips to increase your chances of getting approved. We also highlight common mistakes to avoid.

Guide

HOW TO RENT OUT QUICKLY

If you want to quickly rent out your property in Latvia, it's important to grasp the way things are typically done within Latvian culture.

You might not know where to find tenants fast, how to set the right rent, or what to put in the rental agreement.

Here are some useful tips, with insider knowledge, that will help you save time and money.

Report

FOCUS ON RIGA

If the blend of Art Nouveau architecture and medieval charm fascinates you, indulging in Latvian dishes like grey peas is your preference, and you're captivated by Baltic cultural heritage, Riga should be your target.

This report offers solid facts and data about this place: neighborhood analysis, yields, rentals, budget-based options, market strategies, and pitfalls.