The most active market segment is transactions up to 150,000 euros.
With this budget, you can buy apartments in Riga across different segments, with varying sizes and technical conditions.
For example, this could be an apartment in a "Soviet" era building.
Or an apartment in a historic building in Riga's Old Town.
Or a new building in a residential neighborhood.
However, transactions also take place in the exclusive segment.
In 2019, 16 transactions were registered starting from 500,000 euros.
Let's look at a few examples.
- Historically reconstructed building, address: Kalpaka Boulevard 5.
Very prestigious location - the embassy district, with a beautiful park across the street. Spacious apartment with high-quality interior finishing. Area of 321 sq.m, was sold for 636,000 euros.
- New building in the Kliverspils area, near the Daugava River, directly opposite Old Riga.
This project features a landscaped waterfront and private walking area. The developer is an Italian company. This project leads in the number of exclusive transactions.
In 2019, apartments were sold for 720,000 euros (171 sq.m.), 732,000 euros (233 sq.m.), 1,158,883 euros (284 sq.m.), and 1,178,197 euros (293 sq.m., of which 109 sq.m. is an outdoor terrace around the apartment perimeter).
Such apartments are purchased mainly for personal residence, taking into account individual buyer preferences.
From an investment perspective and rental income standpoint, such apartments will not provide high returns, as it would be difficult to attract a tenant. Of course, Riga has a segment of exclusive rentals, but there are very few such tenants.
Another reason for such purchases is the desire to own a unique property with no equivalents. Uniqueness can manifest in location - historic center or waterfront, in architectural style - historic style or modern design, in views - view of the central park or view of Old Riga's panorama.
If you are also interested in apartments in the prestigious segment - contact us, we will help you find the right one!
If you wish to purchase quality real estate, if individual attention is important to you, if you want to communicate with a realtor and lawyer in your native language, then contact our company KOM-INVEST! We will be happy to find a suitable property, answer all your questions, draw your attention to important details, complete the transaction, arrange your residence permit, and manage your property.
For more detailed information about obtaining a residence permit in Latvia, see here in various sections.
Have questions? We're waiting for your letter or call!
Phone number: +371 29774775
Email: info@kominvest.com
Skype: KOM-INVEST