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We welcome you to explore endless opportunities in our exceptional collection of properties for sale in Latvia!
Latvia, situated in Northern Europe, has steadily become a favored winter destination for tourists from across the globe. The breathtaking landscapes, picturesque small towns, and friendly, open-hearted locals are attracting increasing numbers of overseas visitors. This ever-welcoming land is an ideal choice for your holiday home. Whether You're fond of bustling cities like Riga or Daugavpils, idyllic cottages in the largely unspoiled countryside, or luxurious lakeside properties in the heart of Gauja National Park, real estate in Latvia presents an abundant selection of magnificent holiday homes.
If you’re eager to buy a property in Latvia, you probably have many questions about market trends, popular locations, and the process overall. You can rely on us for assistance!
Where to buy property in Latvia?
Let’s discover where to shop for the best real estate in Latvia
Riga
The most sought-after destination for overseas buyers in Latvia is undoubtedly Riga. The capital city boasts a mix of the contemporary and traditional Latvian culture, with its modern conveniences juxtaposed with the charm of its historic Old Town. Popular for its stunning architecture, quality gastronomy, and dynamic nightlife, Riga has a lot to offer. The real estate market ranges from luxurious apartments in the city center and cozy houses in its residential areas to more affordable flats in developing districts.
Jurmala
Jurmala, located along the coast of the Baltic Sea, is another prime location for property seekers in Latvia. Known for its beautiful, sandy beaches, spa resorts, and charming wooden houses, Jurmala is an attractive destination for both vacation home buyers and those seeking a quieter, seaside lifestyle. The properties vary from high-end beach-front villas to reasonably priced single-family homes.
Latgale
This easternmost region of Latvia is appreciated for its untouched nature, beautiful lakes, and folk culture. The real estate spectrum in Latgale ranges from affordable rural houses in serene countryside locations to modern apartments in the region's main city, Daugavpils. Whether you are looking for a tranquil retreat or an urban lifestyle, Latgale offers a range of options.
Vidzeme
Vidzeme in the northern part of Latvia is well-known for its verdant landscapes, historical sites, and the charming city of Valmiera. The region offers a variety of real estate options from affordable rural houses in peaceful villages to modern city apartments with lovely views.
Leipaja
If you are after a coastal city lifestyle, Leipaja won't disappoint. This city has a rich cultural heritage, a lively music scene, and sandy beaches. Real estate options in Leipaja range from historic townhouses in the city center to modern apartments and houses in residential areas. Whether you are a beach lover or a cultural enthusiast, Leipaja has a property to suit your tastes.
The average price of a property in Latvia: Trends overview
Here is a list of average property prices per square metre in different regions in Latvia according to the Central Statistical Bureau of Latvia and the Ministry of Transportation and Communications. Riga: €1,600 - €2,200 per sq m Jūrmala: €1,800 - €2,800 per sq m Daugavpils: €800 - €1,200 per sq m Liepāja: €900 - €1,400 per sq m Jelgava: €1,000 - €1,500 per sq m Rēzekne: €700 - €1,100 per sq m Ventspils: €1,000 - €1,500 per sq m Valmiera: €1,100 - €1,700 per sq m Cēsis: €1,000 - €1,600 per sq m Jēkabpils: €900 - €1,300 per sq m Tukums: €1,200 - €1,800 per sq m Ogre: €1,000 - €1,500 per sq m
No matter what your needs are, you may find anything that suits you as we offer a unique blend of style, comfort, and sophistication, promising a lifestyle beyond compare. So, discover your dream home and start the journey of homeownership that exceeds every expectation.
Frequently asked questions:
Is buying property in Latvia a good investment?
Buying property in Latvia can be a great investment for a number of reasons. Firstly, the country upholds a stable and reliable legal system, guaranteeing the protection of property rights for both local and foreign investors. Secondly, real estate institutional investors can benefit from a steady income from the rental business due to the country's flourishing tourism industry and steady population growth. Thirdly, Latvia has one of the most cost-effective living expenses in the EU zone, making it an economical destination and an incredible investment opportunity. Lastly, government tax incentives for property owners present enticing offers for foreign investors.
Which places in Latvia have the most properties for sale?
Riga and Jurmala offer a broad range of accommodation options and the highest number in the country. If you fancy a more central location, then opt for Riga. The capital market is booming with Latvia property for sale.
Can a foreigner buy property in Latvia?
Yes, a foreigner can buy property in Latvia. However, there might be restrictions or additional requirements for non-European Union citizens. It's recommended to consult with a local real estate attorney to understand the process and legalities.
Where are the cheapest areas to buy properties in Latvia?
If you are looking to find real estate in Latvia for a surprisingly affordable price, consider regions like Daugavpils and Jelgava. They offer property cheaper than Riga and other popular destinations for real estate in Latvia. Other budget-friendly areas include Liepāja, Ventspils, and Jūrmala.
What is better to buy in Latvia: a house or an apartment?
When contemplating purchasing property in Latvia, one must consider the advantages of a house versus an apartment. If you're searching for an ideal property with river views, an apartment might be your most excellent choice, as they're frequently located in prime locations near the Daugava river, like the vibrant capital city Riga. However, if you favor the peacefulness of the countryside, a house might be more appropriate for you and your family. Latvia's real estate market offers a variety of properties in development, including detached houses and semi-detached houses, which may be more suited to families than apartments.