A strategic investment in central Riga. Close to the Radisson Conference & Spa, this furnished 16.7 m² studio in a restored century-old building offers rental income with hands-off management. Clear taxation (10 %), full ownership, and suitability for long-term or short-term rentals. For investors seeking steady income, legal certainty and long-term capital growth.
Studio of 16.7 m²
Rental status: Available to rent
Floor: 4/4 without a lift
Aspect: East, open courtyard view
Building condition: Fully renovated, excellent condition
Gross rental yield: from 8.2 % to 9.3 %
Net rental yield before tax: from 6.8 % to 7.8 %
Net rental yield after tax: 6 % to 6.9 %
Expected capital return, assuming annual growth in the price per m² of 3 %: 9 % to 9.9 %
Historical annual growth in the price per m²: 10.1 %
Gross annual income: 6,113 € to 6,877 €
Average annual costs over 10 years, including management, accounting, insurance, refurbishment and taxes: 1,666 € to 1,776 €
Net operating income: 4,447 € to 5,101 €/year
Sale price: 66,000 €
Acquisition costs (notary 209 €, taxes 1,320 €, stamp duty 15 €, fees 6,800 €): 8,344 €
Total budget: 74,344 € (all expenses listed above included)
Price per m²: 4,452 €
Expected net gain on resale in year 6: 30,446 € (ROI: 41 %) to 33,677 € (ROI: 45.3 %)
Expected net gain on resale in year 10: 54,935 € (ROI: 73.9 %) to 60,653 € (ROI: 81.6 %)
Expected net gain on resale in year 16: 96,536 € (ROI: 129.8 %) to 106,426 € (ROI: 143.2 %)
Short-term rental possible
*The photos show the actual apartment nº16.
*Figures are based on actual high- and low-season rents from our experience.
*We allow for 2 weeks of vacancy per year as a precaution. Full occupancy, which we generally experience, would improve the result.
*Negotiation may be possible when buying several units.
*LifeInvest®: a 360° turnkey service including exclusive properties, a stay in Riga, administrative and tax support, rental management, e-Residency, company formation, and a network of experts with aligned interests to optimise rental income.
Invest in a dynamic market offering modern comfort in a prime Baltic location.
Act promptly: these opportunities are limited.