Investment property in Latvia: what to buy and what it costs

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Updated 23 October 2026

For sale · Riga, Imanta district

Two-room apartment in Imanta district

$56,300 (50,200 euros)

48 m² · 2 rooms

A 48 m² two-room apartment - a living room and a bedroom, a kitchen and a balcony in Imanta in western Riga, in a renovated 1970s standard apartment block, with trains and buses to the centre, schools, kindergartens and shops. Imanta is one of the largest residential districts of Riga, and two-room apartments here are rented by families and young professionals.

The most affordable entry

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For sale · Riga, Purvciems district

Two-room apartment in Purvciems district

$59,400 (53,000 euros)

48 m² · 2 rooms

A 48 m² two-room apartment - a living room and a bedroom, a kitchen and a balcony in Purvciems in eastern Riga, in a renovated 1970s standard apartment block, with buses and trolleybuses to the centre, schools, kindergartens and shopping centres. Purvciems is one of the largest districts of the capital, and apartments here are rented all year round.

For long-term letting

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For sale · Riga, Teika district

Two-room apartment in Teika district

$65,400 (58,400 euros)

46 m² · 2 rooms

A 46 m² two-room apartment - a living room and a bedroom, a kitchen and a balcony in Teika in north-eastern Riga, in a renovated 1960s building, with trams and buses to the centre along Brīvības Street, schools and shops. Teika is a green district next to the centre and the offices on the former VEF factory site, and apartments here are rented by office staff and young professionals.

Close to offices

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For sale · Riga, Pļavnieki district

Two-room apartment in a new building in Pļavnieki district

$105,000 (93,700 euros)

45 m² · 2 rooms

A 45 m² two-room apartment - a living room with a kitchen and a bedroom, and a balcony in a new building with a lift in Pļavnieki in south-eastern Riga, with buses and trolleybuses to the centre, schools and shops. Pļavnieki is a residential district where new buildings go up next to the standard blocks, and apartments here are rented by young couples and professionals.

A new building in a residential district

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For sale · Riga, Ziepniekkalns district

Two-room apartment in a new building in Ziepniekkalns district

$122,000 (109,000 euros)

42 m² · 2 rooms

A 42 m² two-room apartment - a living room with a kitchen and a bedroom, and a balcony in a new building in Ziepniekkalns in southern Riga, where new residential quarters have been built in recent years, with buses and trolleybuses to the centre, schools and shopping centres. Compact apartments here are rented by young couples and professionals working in the centre.

A new residential quarter

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For sale · Riga, Dreiliņi district

Two-room apartment in a new building in Dreiliņi district

$129,000 (115,000 euros)

45 m² · 2 rooms

A 45 m² two-room apartment - a living room with a kitchen and a bedroom, and a balcony in a new building in Dreiliņi on the eastern edge of Riga, with buses to the centre, a school and shops. New residential quarters with courtyards and playgrounds are being built in Dreiliņi, and apartments here are rented by families with children.

For letting to families

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For sale · Riga, Torņakalns district

Two-room apartment in a new building in Torņakalns district

$138,000 (123,000 euros)

45 m² · 2 rooms

A 45 m² two-room apartment - a living room with a kitchen and a bedroom, and a balcony in a new building in Torņakalns on the left bank of the Daugava, next to the Academic Centre of the University of Latvia, with trains and public transport to the centre, schools and shops. Apartments here are rented by students, lecturers and university staff.

Next to the university

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For sale · Riga, Jugla district

Two-room apartment in a new building in Jugla district

$140,000 (125,000 euros)

47 m² · 2 rooms

A 47 m² two-room apartment - a living room with a kitchen and a bedroom, and a balcony in a new building in Jugla in north-eastern Riga, by Lake Jugla, with trams and buses to the centre, schools and shopping centres. Jugla is a green district by the water, and apartments here are rented by families and professionals working in the centre.

By the lake

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Want to buy property abroad? A manager will select properties for your budget and check the deal before registration. Find a property

What properties investors buy in Latvia

Above are the most interesting offers selected by our experts. The manager will find a property that fits your requirements.

Apartments for sale in Riga, prices by district and city, rental yield, taxes, transaction costs and the purchase rules for foreigners.

Citizens of the European Union and most other countries buy an apartment in Latvia without permits, while citizens of Russia and Belarus have been barred from buying property since 2025. According to the State Land Service of Latvia, in January-September 2026 two-room apartments in Riga sold for an average of $1,350 per m², in new buildings for $2,820, and over the year the price per m² in the capital rose by 8.1%. A two-room apartment in a standard block in Riga can be bought for $56,300, in a new building for $105,000, and long-term letting brings from 7.5% to 13.2% a year before tax.

On this page: two-room apartments in three districts of Riga with standard blocks and in five districts with new buildings, prices by district and city, rental yield, taxes, transaction costs and the purchase rules. In Latvia the living room counts as a room: a two-room apartment is a living room and a bedroom. The title passes with the entry in the land register, and the state fee for the entry is 1.5% of the price for an individual. The manager will confirm what is for sale today and the exact price.

The market in brief

Market entryfrom $56,300 (two-room apartment in Riga)

Average apartment price in Rigaabout $1,350 per m² (January-September 2026)

Rental yieldfrom 7.5% to 13.2% a year before tax in Riga

Buying rulesapartments - without permits; citizens of Russia and Belarus are barred from buying

Purchase costsa state fee of 1.5% of the price, the notary and the land register fee

Prices and rules as of 2026.

How much an apartment in Latvia costs in 2026

Housing prices in Latvia are quoted in euros. According to the State Land Service of Latvia, in January-September 2026 two-room apartments in new buildings in Riga sold for an average of $2,820 per m², in pre-2000 buildings in the centre for $2,110, in Teika for $1,420, in Pļavnieki and Purvciems for about $1,240 and in Ķengarags for $1,020. In Jūrmala an apartment costs an average of $1,130 per m², in Jelgava $990, in Liepāja $840 and in Daugavpils $410. In Riga the price per m² rose by 8.1% over the year, in the standard blocks of residential districts by 9.8-12.6%, while in new buildings prices barely changed.

City or district	Average apartment price per m²	Price change over the year
Riga, new buildings	~$2,820	+0.2%
Riga, centre	~$2,110	+4.4%
Riga, Teika	~$1,420	+10.0%
Riga, whole city	~$1,350	+8.1%
Riga, Pļavnieki	~$1,240	+9.8%
Riga, Purvciems	~$1,240	+10.8%
Valmiera	~$1,180	+2.9%
Riga, Imanta	~$1,170	+10.0%
Jūrmala	~$1,130	+6.6%
Riga, Ķengarags	~$1,020	+12.6%
Jelgava	~$990	+3.3%
Liepāja	~$840	+2.9%
Daugavpils	~$410	+22.9%

State Land Service of Latvia data on transactions with two-room apartments for January-September 2026, median price per m²; in the districts of Riga and in the «centre» row - buildings from before 2000, in the «new buildings» row - buildings from after 2000; «Price change over the year» is the change against 2025. Euros converted at the European Central Bank rate of 1.1205 dollars per euro on 22 October 2026, dollars rounded.

What yield letting brings

The gross yield of long-term letting in Riga is from 7.5% to 13.2% a year before tax: in the standard blocks of the 1960s-1970s a square metre costs less than half as much as in new buildings, so the yield is higher, but in winter heating bills in old buildings rise noticeably. According to our data on the Latvian market for 2026, a two-room apartment in Riga lets for an average of $810 a month (720 euros), most such apartments for $620-1,060, and in Old Riga for $950-1,290. A 48 m² apartment in Imanta lets for about $620 a month, a 45 m² one in a new building in Pļavnieki for $810, and a 45 m² one in Torņakalns for $900. Apartments are usually let for a year with a deposit of one month's rent, and the lease can be entered in the land register, so it stays in force even if the apartment is sold.

Tax	Rate
Long-term letting	10% of the rent if the home is let without registering a business
Selling the apartment	25.5% of the gain; no tax if the apartment was owned for more than 60 months and for the last 12 months before the sale was the seller's declared place of residence, or was their only property for the whole time
Annual	property tax of 0.2-3% of the cadastral value at the municipality's rate; in Riga 0.2-0.6% if at least one person has their place of residence declared in the apartment, without it - 1.5%

Data for 2026: yield for the cities in the cards; the country comparison is in the rental yield table.

Tax on rent is charged in Latvia, and the taxes of your own country are counted separately. The property tax rate in Riga is reduced by the declared place of residence of at least one person - including a tenant. Rates and examples are on the taxes in Latvia page.

What costs to add to the property price

Payment	Amount
State fee for the title entry	1.5% of the price for an individual, 2% for a company, no more than $56,000 (50,000 euros); paid by the buyer
Notary	certification of the signatures on the sale contract at the notary's rates
Land register	a small fee for filing the application to enter the new owner's title
Documents	a power of attorney if you sign the contract outside Latvia; documents on the source of funds for the bank and the notary

Data for 2026. For a $59,400 apartment in Purvciems the state fee comes to about $890; the notary, the lawyer, document translation and bank transfer fees are paid separately. The manager calculates the total for a specific property.

In Latvia the right to buy and the land register are checked before the contract

Mistakes cost more than the deal: a purchase barred by citizenship or by a stake in a company, a mortgage or a prohibition in the land register, the previous owner's debts, a power of attorney the notary did not accept, money whose source the bank did not accept. Murblz support removes these risks: we select an apartment for your budget and goal, check that the purchase is allowed for you, check the property in the land register, calculate the state fee, taxes and yield, agree the payment route and handle the deal until the title is entered in your name.

The cost of support depends on the purchase budget and the goal - letting or a home for yourself; the manager will calculate it in the chat.

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Buying an apartment without permits, except for citizens of Russia and Belarus

Citizens of the European Union and most other countries buy apartments and houses in Latvia freely; special rules apply to some categories of land, such as agricultural and border land, and such plots are checked before the deposit. Since 2025 citizens of Russia and Belarus have been barred from buying property in Latvia, including through companies in which they hold 25% or more; the exceptions are inheritance, a court decision and a single home with permanent residence obtained before the ban. The title passes only with the entry in the land register, and before the deal we check the owner, mortgages, prohibitions and debts in it.

Buying an apartment no longer gives a residence permit: the new immigration law in force since 15 September 2026 removed this ground, while applications filed by 14 September inclusive are reviewed under the old rules. Investors still have the route of an investment in the capital of a Latvian company from $56,000 (50,000 euros) plus $11,200 (10,000 euros) to the state budget. The contract can be signed by a representative under a power of attorney, and the bank and the notary check the source of funds, so we agree the payment route before the contract. The conditions are on the Latvia residence by investment page, and the manager will send a selection of apartments for your goal to the chat.

How we select a property

Budget and goal: letting or a home for yourself. The manager confirms the district and the type of building - a standard block in a residential district or a new building.
Buyer documents: passport, proof of the source of funds and a power of attorney if you sign the contract outside Latvia; before the deposit we check that your citizenship allows the purchase.
A selection of real properties and checks: the owner, mortgages, prohibitions and debts in the land register, and the floor plan - before the contract.
The deal: the sale contract with signatures certified by a notary, payment of the state fee, the application to enter the title in the land register and the transfer of utility contracts.

The manager sends the selection to the chat, with sellers' prices on the date of the selection.

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Options in other countries

Investment property in other countries:

FAQ

How much does an apartment in Latvia cost in 2026?

A two-room apartment in a standard block in Riga costs from $56,300, in a new building from $105,000. In January-September 2026 two-room apartments in Riga sold for an average of $1,350 per m², in new buildings for $2,820.

Can a foreigner buy an apartment in Latvia?

Yes, citizens of the European Union and most other countries buy apartments without permits. Citizens of Russia and Belarus have been barred from buying property since 2025, except for inheritance, a court decision and a single home with permanent residence obtained before the ban.

Does buying property give residence in Latvia?

Since 15 September 2026 buying property does not give a residence permit. Investors still have the route of an investment in the capital of a Latvian company from $56,000 plus $11,200 to the budget, and an apartment for letting is bought without moving.

What yield does letting an apartment in Latvia bring?

In Riga from 7.5% to 13.2% a year before tax: in new buildings 7.5-9.3%, in standard blocks 12.3-13.2%. Income from letting a home without registering a business is taxed at 10%.

What tax is paid when buying property in Latvia?

The buyer pays the state fee for entering the title in the land register - 1.5% of the price for an individual and 2% for a company, no more than $56,000. The notary and a small application fee are paid separately.

What are the costs of buying property in Latvia?

The state fee of 1.5% of the price, certification of signatures by a notary, the land register application fee, a lawyer and a power of attorney if you do not travel to Latvia. For a $59,400 apartment in Purvciems the state fee comes to about $890.

Is there a property tax in Latvia?

Yes, from 0.2% to 3% of the cadastral value a year at the municipality's rate. In Riga 0.2-0.6% if at least one person has their place of residence declared in the apartment, without it - 1.5%.

Where to buy an apartment for investment in Latvia?

Imanta and Purvciems in Riga - for market entry from $56,300 with a yield of 12.7-13.2% in standard blocks. New buildings in Pļavnieki, Ziepniekkalns and Torņakalns - for letting without large renovation costs with a yield of 7.8-9.3%.

Investment property in Latvia: what to buy and what it costs

Two-room apartment in Imanta district

Two-room apartment in Purvciems district

Two-room apartment in Teika district

Two-room apartment in a new building in Pļavnieki district

Two-room apartment in a new building in Ziepniekkalns district

Two-room apartment in a new building in Dreiliņi district

Two-room apartment in a new building in Torņakalns district

Two-room apartment in a new building in Jugla district

What properties investors buy in Latvia

How much an apartment in Latvia costs in 2026

What yield letting brings

What costs to add to the property price

Buying an apartment without permits, except for citizens of Russia and Belarus

How we select a property

Options in other countries

FAQ

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