{"id":2047278,"date":"2024-03-21T11:53:43","date_gmt":"2024-03-21T09:53:43","guid":{"rendered":"https:\/\/www2.realat.lv\/lv\/?p=2047278"},"modified":"2024-09-26T17:34:05","modified_gmt":"2024-09-26T14:34:05","slug":"buy-a-house-in-latvia","status":"publish","type":"post","link":"https:\/\/www2.realat.lv\/en\/realat\/buy-a-house-in-latvia\/","title":{"rendered":"Buy a House in Latvia"},"content":{"rendered":"

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Buying property in Latvia<\/strong>\u00a0can serve personal or business purposes. New buildings and old and charming<\/a> houses are available on the market in Latvia’s most important cities. You can get in touch with lawyers in Latvia<\/strong>\u00a0if you are interested in\u00a0moving and buying property<\/strong> in this country.<\/p>\n

\"Buy<\/a>

Buy a property in Latvia<\/p><\/div>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Quick Facts<\/strong><\/td>\n\u00a0<\/td>\n<\/tr>\n
Can expats buy properties in Latvia?<\/td>\nYes, there are no restrictions regarding foreigners who want to buy properties in Latvia as long as these are not state-owned.\u00a0<\/td>\n<\/tr>\n
Legislation for property purchase in Latvia\u00a0\u00a0\u00a0<\/td>\nProperty Law in Latvia\u00a0<\/td>\n<\/tr>\n
Types of properties you can buy as a foreigner\u00a0<\/td>\n\n
    \n
  • houses,<\/li>\n
  • villas,<\/li>\n
  • hotels,<\/li>\n
  • residential properties,<\/li>\n
  • land plots,<\/li>\n
  • office spaces\u00a0<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Property inspection before purchase (YES\/NO)<\/td>\nYES<\/td>\n<\/tr>\n
Pre-sale agreement required<\/td>\nA pre-sale contract must be signed and then a deposit can be made to guarantee the sale of the property.\u00a0<\/td>\n<\/tr>\n
Documentation verification made by our law firm in Latvia\u00a0<\/td>\nThe preliminary contract, the property history, and the title deed are among the documents that can be verified by our Latvian lawyers from a legal point of view.<\/td>\n<\/tr>\n
Content of a sale-purchase contract of a property<\/td>\n\n
    \n
  • names of former and future owners,<\/li>\n
  • property description,<\/li>\n
  • conditions of acquisition,<\/li>\n
  • price of the property,<\/li>\n
  • payment methods,<\/li>\n
  • signatures, etc.\u00a0<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Real estate tax in Latvia<\/td>\n1,5% from the property value, paid by the new owner\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Can a lawyer in Latvia represent you with a power of attorney?<\/td>\nYes, our Latvian lawyers can represent foreigners with a power of attorney when buying a house in Latvia.\u00a0<\/td>\n<\/tr>\n
Possibility to buy without visiting Latvia<\/td>\nYes, purchasing a house in Latvia is possible without traveling to this country.\u00a0<\/td>\n<\/tr>\n
Residence permit issued for buying property in Latvia<\/td>\nYes, a residence permit can be issued for foreigners buying properties worth at least EUR 250,000.\u00a0<\/td>\n<\/tr>\n
Citizenship application permitted<\/td>\nYes, foreigners can buy a property in Latvia and then follow the immigration policies for residence and citizenship applications.\u00a0\u00a0<\/td>\n<\/tr>\n
Buying a property in Latvia through a mortgage<\/td>\nAvailable option\u00a0\u00a0<\/td>\n<\/tr>\n
Legal services offered for buying a property in Latvia\u00a0\u00a0<\/td>\nWe can handle the paperwork and analyze the documents of the properties you want to buy in Latvia. Legal assistance is provided at the time the sale-purchase contract is signed by the public notary.\u00a0\u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

How to buy a property in Latvia?<\/strong><\/h2>\n
The legal aspect of any real estate buying deal is just as crucial as the presence and condition of the property you want to buy. In Latvia, a typical property acquisition transaction will typically include the following stages:<\/div>\n
\u00a0<\/div>\n