🇱🇻 Latvia

Buying Property in Latvia: A Guide for Foreign Buyers

Apartments in Latvia cost from €2,500 to €2,500 per m² across the cities we track. Expect to pay another 2–4% of the price in taxes and fees.

Can foreigners buy property in Latvia?

No restrictions for foreign buyers

Foreigners can buy apartments freely. Non-EU buyers face restrictions on land in border zones, protected areas and agricultural or forest land.

Tax ID you'll need: Latvian personal code (optional)

How to buy, step by step

  1. 1Check the Land Register (Zemesgrāmata)
  2. 2Sign the purchase agreement, often with escrow
  3. 3Pay the state duty
  4. 4Submit the corroboration request to the Land Register (notarised signature)
  5. 5Escrow is released once ownership is registered

What it costs

A 60 m² apartment in Riga at the average €2,500/m² costs about €150,000. Purchase taxes and fees add roughly €3,000–€6,000. Full breakdown of Latvia property taxes and costs.

Riga€2,500/m² · gross yield 4.8%

Mortgages and residency

Approx. 50–70% LTV; mostly for residents.

A temporary residence permit is available for buying real estate for at least €250,000 (with minimum cadastral values), plus a 5% state fee.

Frequently Asked Questions

Can foreigners buy property in Latvia?↓
Foreigners can buy apartments freely. Non-EU buyers face restrictions on land in border zones, protected areas and agricultural or forest land.
How much are buying costs in Latvia?↓
Typically 2–4% of the purchase price for a resale apartment, including transfer tax, notary or legal fees and registration.
How much does an apartment cost in Latvia?↓
Average prices range from €2,500/m² to €2,500/m² across 1 cities; in Riga a 60 m² apartment costs about €150,000.
Can non-residents get a mortgage in Latvia?↓
Approx. 50–70% LTV; mostly for residents.
Property prices in Latvia →Apartments for sale in Latvia →Rental yield calculator →

Last reviewed 2026-10. General information, not tax or legal advice: rates change and often depend on region and buyer status, so confirm with a local notary, lawyer or tax adviser. Sources: Investment and Development Agency of Latvia: Residence permit factsheet.