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 30.4 m²
Rental status: Available to rent
Floor: 4/5
Aspect: SE, W
Building condition: Fully renovated, excellent condition
Gross rental yield: from 6.4% to 8.0%
Net rental yield before tax: from 5.4% to 7.0%
Net rental yield after tax: 4.8% to 6.2%
Expected capital return, assuming annual growth in the price per m² of 3 %: 7.8% to 9.2%
Historical annual growth in the price per m²: 10.1 %
Gross annual income: 7 335 € to 9 169 €
Average annual costs over 20 years, including management, accounting, insurance, refurbishment and taxes: 1 862 € to 2 126 €
Net operating income: 5 473 € to 7 043 €/year
Sale price: 72 950 €
Acquisition costs (notary 209 €, taxes 1 459 €, stamp duty 15 €, fees 6 800 €): 8 483 €
Furnishings: furniture and kitchen installation planned (10 000 € – already included in the total budget), renovation: 0 €
Improvements: 23 000 €
Total budget: 114 433 € (all expenses included)
Price per m²: 3 764 €
Expected net gain on resale in year 6: 39 418 € (ROI: 34.4% ) to 47 173 € (ROI: 41.2%)
Expected net gain on resale in year 10: 71 312 € (ROI: 62.3% ) to 85 036 € (ROI: 74.3%)
Expected net gain on resale in year 16: 125 758 € (ROI: 109.9% ) to 149 495 € (ROI: 130.6%)
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.