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 14.9 m²
Rental status: Available to rent
Floor: 2/5
Aspect: W, street view
Building condition: Fully renovated, excellent condition
Gross rental yield: from 7.2% to 9.3%
Net rental yield before tax: from 5.6% to 7.7%
Net rental yield after tax: 4.9% to 6.7%
Expected capital return, assuming annual growth in the price per m² of 3 %: 7.9% to 9.7%
Historical annual growth in the price per m²: 10.1 %
Gross annual income: 4 584 € to 5 960 €
Average annual costs over 20 years, including management, accounting, insurance, refurbishment and taxes: 1 466 € to 1 664 €
Net operating income: 3 118 € to 4 296 €/year
Sale price: 39 950 €
Acquisition costs (notary 209 €, taxes 799 €, stamp duty 15 €, fees 6 800 €): 7 823 €
Furnishings: furniture and kitchen installation planned (5 000 € – already included in the total budget)
Renovation: 0 €
Improvements: 11 000 €
Total budget: 63 773 € (all expenses included)
Price per m²: 4 280 €
Expected net gain on resale in year 6: 21 954 € (ROI: 34.4% ) to 27 770 € (ROI: 43.5%)
Expected net gain on resale in year 10: 39 565 € (ROI: 62.0% ) to 49 859 € (ROI: 78.2%)
Expected net gain on resale in year 16: 69 722 € (ROI: 109.3% ) to 87 524 € (ROI: 137.2%)
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.