A strategic investment in central Riga. Close to the Radisson Conference & Spa, this furnished 31.2 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 31.2 m²
Rental status: Available to rent
Floor: 5/5
Aspect: North, street view
Building condition: Fully renovated, excellent condition
Gross rental yield: from 7.4 % to 7.7 %
Net rental yield before tax: from 6.3 % to 6.7 %
Net rental yield after tax: 5.6 % to 5.9 %
Expected capital return, assuming annual growth in the price per m² of 3 %: 8.6 % to 8.9 %
Historical annual growth in the price per m²: 10.1 %
Gross annual income: 8,405 € to 8,787 €
Average annual costs over 10 years, including management, accounting, insurance, refurbishment and taxes: 1,996 € to 2,051 €
Net operating income: 6,409 € to 6,736 €/year
Sale price: 96,720 €
Acquisition costs (notary 209 €, taxes 1,934 €, stamp duty 15 €, fees 6,800 €): 8,958 €
Furnishings: furniture and kitchen installation planned (8 500 € – already included in the total budget)
Renovation: 0 €
Total budget: 114 178 € (all expenses listed above included)
Price per m²: 3,660 €
Expected net gain on resale in year 6: 44 120 € (ROI: 38.6%) to
45 736 € (ROI: 40.1%)Expected net gain on resale in year 10: 79 709 € (ROI: 69.8%) to
82 568 € (ROI: 72.3%)Expected net gain on resale in year 16: 140 154 € (ROI: 122.8%) to
145 099 € (ROI: 127.1%)Short-term rental possible
*The photos show the actual apartment nº43.
*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.