€2.5 million
Apartment in Jurmala, on the first coastline with beach access
Property Investment in Latvia as a Foreigner
Foreigners can freely buy, sell and rent out real estate in Latvia. The sale of land to foreigners is limited: to buy a plot with a house, you need permission from the municipality.
Statistics confirm the liquidity of investments: residential real estate prices grow every quarter by an average of 2.3%. Seven years ago, an apartment of 100 m² cost an average of €90,000, and today it is sold for €250,000.
€2,500
Average price per 1 m²
250 000 €
Real estate investment for residency
2.6—23.6%
Associated costs, of the property value
How the residential property price index is growing in Latvia
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Cost of a 3-bedroom apartment in Latvia
€500,000
Apartment in Riga, in a 10‑minute drive from the Dome Cathedral
€250,000
Apartment in Riga
Real estate in Latvia
81 m²
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Minimal real estate investment amount in Latvia
The minimum value of the property must be at least €250,000. The property must be purchased only from a legal entity or individual resident of Latvia. The property must not be located in special administrative regions.
After purchasing the property, you must pay a state fee, which is 5% of the value of the property.
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Trusted by 5000+ investorsTaxes and associated costs
Countries to buy a property and get residency or citizenship
We offer proven properties that comply with the conditions of government programs for investors. You can buy real estate and obtain a residence permit or citizenship.
Country
Property investments
Status
Obtaining time
€375,000+
Permanent residency
6+ months
Show 28 properties
€375,000+Permanent residency6+ months
AED 750,000+
Residence permit
2+ months
Show 129 properties
AED 750,000+Residence permit2+ months
Not limited
Residence permit
4+ months
Show 30 properties
Not limitedResidence permit4+ months
Not limited
Residency after D Visas
6+ months
Show 41 property
Not limitedResidency after D Visas6+ months
40+ guides with European countries
Find out how much it costs to buy and rent real estate in each country, what the market dynamics are and what taxes you need to pay when buying and selling.
Property Investment in Norway as a ForeignerForeigners can freely buy, lease and sell housing and commercial real estate in Norway.
€5,266
Average price per 1 m²
1,2%
Average price growth per quarter
Property Investment in Montenegro as a ForeignerForeigners can buy and sell real estate or rent it out with few restrictions. Foreigners are prohibited from buying agricultural land...
€2,100
Average price per 1 m²
24%
Inflation-adjusted price growth in 2024, year-on-year
Property Investment in Luxembourg as a ForeignerForeigners can freely buy, sell and rent out real estate in Luxembourg.
€10,500
Average price per 1 m²
2.6%
Average price growth per quarter
Property Investment in Iceland as a ForeignerForeigners can buy, lease and sell properties without restrictions in Iceland. The sale of land to foreigners is prohibited. The land on...
€4,405
Average price per 1 m²
2,5%
Average price growth per quarter
Property Investment in Germany as a ForeignerGermany does not limit the sale of properties to foreigners: one can buy and sell housing and commercial real estate or rent it out.
€5,770
Average price per 1 m²
1,9%
Average price growth per quarter
Property Investment in Estonia as a ForeignerForeigners can freely buy and sell apartments in Estonia. Buying land with a house is not allowed in all areas. A legal entity can buy a...
€2,734
Average price per 1 m²
2,4%
Average price growth per quarter
Material prepared by Frederick Ellul, Lawyer and Immigrant Invest's partner in Malta
Updated: