Real estate investment in Latvia

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%. Five years ago, an apartment of 100 m² cost an average of €90,000, and today it is sold for €136,000.

1360 €

Average price per 1 m²

250 000 €

Real estate investment for residency


Associated costs, of the property value

How the residential property price index is growing in Latvia


Cost of a 3-bedroom apartment in Latvia

€2.5 million

Apartment in Jurmala, on the first coastline with beach access


Apartment in Riga, in a 10‑minute drive from the Dome Cathedral


Apartment in Riga

Schedule a meeting

Individual selection of investment properties

  • Discuss your tasks and goals

  • Choose between properties from reliable developers

  • Get fully prepared and verified documents for a purchase

Elena Kozyreva
Elena Kozyreva

Managing Director for Real Estate projects

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Latvia residence permit or citizenship by real estate investment

Latvia has a state residence permit program for investors. A residence permit is obtained by purchasing real estate worth more than €250,000. Investors with Latvia residence permits travel around the Schengen Area without visas.

Five years after obtaining a residence permit, you can apply for permanent residency and apply for citizenship after another five years.

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Discover real estate market trends in 41 European countries

Taxes and associated costs

40+ guides on European countries

Learn the prices for purchasing and renting a property in each country, the market dynamics and taxes on buying and selling real estate.

A guide about investing in real estate was prepared by our expert