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 36.1 m²
Rental status: Available to rent
Floor: 4/5
Aspect: NW & SW
Building condition: Fully renovated, excellent condition
Gross rental yield: from 6.2% to 8.3%
Net rental yield before tax: from 5.3% to 7.3%
Net rental yield after tax: 4.7% to 6.4%
Expected capital return, assuming annual growth in the price per m² of 3 %: 7.7% to 9.4%
Historical annual growth in the price per m²: 10.1 %
Gross annual income: 8 023 € to 10 698 €
Average annual costs over 20 years, including management, accounting, insurance, refurbishment and taxes: 1 961 € to 2 346 €
Net operating income: 6 062 € to 8 352 €/year
Sale price: 83 500 €
Acquisition costs (notary 209 €, taxes 1 670 €, stamp duty 15 €, fees 6 800 €): 8 694 €
Furnishings: furniture and kitchen installation planned (11 500 € – already included in the total budget)
Renovation: 0 €
Improvements: 25 900 €
Total budget: 129 594 € (all expenses included)
Price per m²: 3 590 €
Expected net gain on resale in year 6: 44 069 € (ROI: 34.0% ) to 55 378 € (ROI: 42.7%)
Expected net gain on resale in year 10: 79 794 € (ROI: 61.6% ) to 99 809 € (ROI: 77.0%)
Expected net gain on resale in year 16: 140 766 € (ROI: 108.6% ) to 175 382 € (ROI: 135.3%)
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.