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 17.8 m²
Rental status: Available to rent
Floor: 4/5 (without a lift)
Aspect: North-east, courtyard and brick-wall view, not overlooked
Building condition: Fully renovated, excellent condition
Gross rental yield: from 7.6% to 9.2%
Net rental yield before tax: from 6.1% to 7.7%
Net rental yield after tax: 5.4% to 6.8%
Expected capital return, assuming annual growth in the price per m² of 3 %: 8.4% to 9.8%
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: 1 566 € to 1 731 €
Net operating income: 3 783 € to 4 764 €/year
Sale price: 62 300 €
Acquisition costs (notary 209 €, taxes 1 246 €, stamp duty 15 €, fees 6 800 €): 8 270 €
Furnishings: included or customisable
Renovation: 0 €
Improvements: included in the total budget
Total budget: 70 570 € (all expenses included)
Price per m²: 3 965 €
Expected net gain on resale in year 6: 26 656 € (ROI: 42.4% ) to 31 503 € (ROI: 44.6%)
Expected net gain on resale in year 10: 48 099 € (ROI: 76.3% ) to 56 676 € (ROI:80.3%)
Expected net gain on resale in year 16: 84 765 € (ROI: 120.1%) to 99 601 € (ROI: 141.1%)
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.