PropertyGuideLatvia

Real estate investments in Latvia provide a number of opportunities for any type of investments and property. As of 2017, the most lucrative type of property to invest into is retail property, amounting to approximately 50% of the total investment value. The second most profitable area is office buildings: last year, 3 out of 5 most valuable deals were related to leasing office spaces. Several groups of analysts note that, due to the activities of major Latvian real estate investors, the next two years are especially suitable for selling large property portfolios, as it will probably be easie

Government-supported mortgage is a type of Latvian mortgage, in which the government acts as a guarantor, thus potentially increasing the likelihood that the loan will be granted. This type of mortgage is governed by the ‘Rules on the government support for buying or building residential premises’ (in Latvian: Noteikumi par valsts palīdzību dzīvojamās telpas iegādei vai būvniecībai).

In order to be eligible for this support, several requirements have to be met:

the mortgage is granted by a credit institution that is either registered in Latvia or has the right to issue credits in Latvia