In central Riga, this studio in a restored Art Nouveau building combines a sought-after location, high-quality finishes and long-term property value.
 
Studio of 21.8 m²
Rental status: Available to rent
Floor: Ground floor/5
Aspect: S/E, garden view, not overlooked
Building condition: Fully renovated, excellent condition
Gross rental yield: from 7.7% to 8.6%
Net rental yield before tax: from 6.4% to 7.2%
Net rental yield after tax: 5.6% to 6.4%
Expected capital return, assuming annual growth in the price per m² of 3 %: 8.6% to 9.4%
Historical annual growth in the price per m²: 10.1 %
Gross annual income: 6 495 € to 7 259 €
Average annual costs over 20 years, including management, accounting, insurance, refurbishment and taxes: 1 741 € to 1 851 €
Net operating income: 4 754 € to 5 408 €/year
Sale price: 76 300 €
Acquisition costs (notary 209 €, taxes 1 526 €, stamp duty 15 €, fees 6 800 €): 8 550 €
Furnishings: included or customisable
Renovation: 0 €
Improvements: included in the total budget
Total budget: 84 850 € (all expenses included)
Price per m²: 3 892 €
Expected net gain on resale in year 6: 33 317 € (ROI: 39.3%) to 36 548 € (ROI: 43.1%)
Expected net gain on resale in year 10: 60 148 € (ROI: 70.9% ) to 65 867 € (ROI: 77.6%)
Expected net gain on resale in year 16: 105 957 € (ROI: 124.9%) to 115 848 € (ROI: 136.5%)
Short-term rental possible
 
*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.