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 20.7 m²
Rental status: Available to rent
Floor: Ground floor
Aspect: SE
Building condition: Fully renovated, excellent condition
Gross rental yield: from 7.0% to 8.5%
Net rental yield before tax: from 5.6% to 7.0%
Net rental yield after tax: 4.9% to 6.2%
Expected capital return, assuming annual growth in the price per m² of 3 %: 7.9% to 9.2%
Historical annual growth in the price per m²: 10.1 %
Gross annual income: 5 349 € to 6 495 €
Average annual costs over 20 years, including management, accounting, insurance, refurbishment and taxes: 1 576 € to 1 741 €
Net operating income: 3 773 € to 4 754 €/year
Sale price: 44 950 €
Acquisition costs (notary 209 €, taxes 899 €, stamp duty 15 €, fees 6 800 €): 7 923 €
Furnishings: furniture and kitchen installation planned (7 500 € – already included in the total budget)
Renovation: 0 €
Improvements: 16 350 €
Total budget: 76 723 € (all expenses included)
Price per m²: 3 706 €
Expected net gain on resale in year 6: 26 527 € (ROI: 34.6%) to 31 373 € (ROI: 40.9%)
Expected net gain on resale in year 10: 47 851 € (ROI: 62.4% ) to 56 428 € (ROI: 73.5%)
Expected net gain on resale in year 16: 84 311 € (ROI: 109.9% ) to 99 147 € (ROI: 129.2%)
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.