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
2,6—23,6%
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
€500,000
Apartment in Riga, in a 10‑minute drive from the Dome Cathedral
€250,000
Apartment in Riga
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.
Practical Guide
Discover real estate market trends in 41 European countries
Taxes and associated costs
Check if real estate in these countries suits your goals
The selections include only verified real estate projects from reliable developers. Purchasing these properties may bring you a residence permit or even citizenship.
Malta11 objects
€690,000+
Citizenship
1 or 3 years
Show 11 objects
Grenada20 objects
$150,000
Citizenship
6+ months
Show 20 objects
United Arab Emirates76 objects
AED 750,000+
Residence permit
2+ months
Show 76 objects
Spain47 objects
€500,000+
Residence permit
5+ months
Show 47 objects
Portugal81 object
€820+
Residence permit
4+ months
Show 81 object
Show all countries40+ 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
Frederick Ellul
Lawyer and Immigrant Invest's partner in Malta