Guides on Buying New Builds in Latvia
FAQ on new buildings in Latvia
What documents are required to purchase new housing in Latvia?
Foreign citizens need a passport to buy an apartment in a new building, as well as a special permit for the purchase of territory around the house. The second document is issued within 20 days. It will also be necessary to open an account with a local bank from which money will be transferred to the seller after the transaction.
What restrictions do you have to take into account when buying real estate from a developer in Latvia?
Foreigners can buy new apartments and houses of any size. Restrictions apply only to some territories. For example, foreign persons are not allowed to buy apartments in new buildings in Latvia on land located near state borders and public water bodies.
What are the most popular cities in Latvia for new home buyers?
Foreigners who move to the country for work and study are more likely to buy capital property in Riga. Investors seeking to buy holiday homes for summer holidays are choosing Jurmala and Ventspils. New residential complexes in Latvia in Liepāja and Jelgava are also in great demand.