Recently, KOM-INVEST has been receiving an increasing number of requests from clients who ask us to identify and implement investment projects in Latvia.
Of course, such clients have many questions - what are the most common projects; how are projects selected; is legal and technical assessment of projects possible; is it possible to obtain tax consultations; is it possible to receive assistance in organizing and implementing projects.
KOM-INVEST has summarized the answers to these questions and offers you to familiarize yourself with this information.
The most common projects. According to KOM-INVEST, the most popular real estate investment projects can be divided into the following categories:
- Purchase of a certain number of apartments and renting them out: the simplest and safest investment option. Proper apartment selection can provide high returns of up to 10% per year, after deducting expenses and taxes.
- Purchase of a commercial property and renting it out: a stable and long-term investment option. Typically, income from renting out retail spaces, offices and other commercial properties provides returns of up to 7% per year, after deducting expenses and taxes.
- Purchase of an old building, its reconstruction, and sale by apartments: an effective investment option. The average implementation period for such projects is from one to five years. Proper selection of the property can provide returns of up to 20%, after deducting expenses and taxes.
The essence of such projects is the purchase of an old building (typically historic apartment buildings; Soviet-era administrative buildings; Soviet-era industrial facilities), its reconstruction into a modern residential apartment building of economy or business class (depending on the project concept and location), and sale by apartments.
- Purchase of a land plot, construction of a new project, and sale by apartments: the longest investment option. The essence of such projects is the purchase of a land plot; approval or clarification of a construction project; construction; sale by apartments. With proper project implementation, returns of up to 30% are possible, after deducting expenses and taxes.
KOM-INVEST draws the attention of long-term investors to the fact that the most profitable investment project at the present time is the purchase of an old building or residential property, its reconstruction and renting out apartments. The rental market is very active, and there is a shortage of quality, renovated apartments with thoughtful layouts and good location on the rental market.
Therefore, creating such an "income property" is an option for stable, long-term investments.
For more detailed information about how properties are selected and what assistance KOM-INVEST provides to its clients in matters of property selection, analysis of investment and technical attractiveness of the property, and project management, see here.
Contact KOM-INVEST, our specialists will offer you the most profitable and attractive options for purchasing real estate and investment properties.
Have questions? We look forward to your email or call!
Phone number: +371 29774775
Email: info@kominvest.com
Skype: KOM-INVEST