In central Riga, this studio in a restored Art Nouveau building combines a sought-after location, high-quality finishes and long-term property value.
 
T2 apartment of 35.7 m²
Rental status: Available to rent
Floor: 1/5
Aspect: NW & SE
Building condition: Fully renovated, excellent condition
Gross rental yield: from 6.4% to 7.6%
Net rental yield before tax: from 5.4% to 6.6%
Net rental yield after tax: 4.8% to 5.8%
Expected capital return, assuming annual growth in the price per m² of 3 %: 7.8% to 8.8%
Historical annual growth in the price per m²: 10.1 %
Gross annual income: 8 023 € to 9 552 €
Average annual costs over 20 years, including management, accounting, insurance, refurbishment and taxes: 1 961 € to 2 181 €
Net operating income: 6 062 € to 7 370 €/year
Sale price: 79 950 €
Acquisition costs (notary 209 €, taxes 1 599 €, stamp duty 15 €, fees 6 800 €): 8 623 €
Furnishings: furniture and kitchen installation planned (11 500 €– already included in the total budget)
Renovation: 0 €
Improvements: 26 000 €
Total budget: 126 073 € (all expenses included)
Price per m²: 3 531 €
Expected net gain on resale in year 6: 43 622 € (ROI: 34.6% ) to 50 084 € (ROI: 39.7% )
Expected net gain on resale in year 10: 78 938 € (ROI: 62.6% ) to 90 375 € (ROI: 71.7% )
Expected net gain on resale in year 16: 139 200 € (ROI: 110.4% ) to 158 980 € (ROI: 126.1% )
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.