Strategic investments in long-term value – development land has consistently proven to be one of the most stable and forward looking investment asset classes. Latvia Sotheby’s International Realty presents a carefully curated selection of land plots in Latvia’s most prestigious and rapidly developing locations – from the heart of Riga to the tranquil coastline of Jūrmala and the established as well as emerging residential areas of the Riga metropolitan region.
“Development land in Latvia currently represents one of the most strategic capital allocation opportunities, as market demand is increasingly shifting toward high-quality, sustainable residential and mixed-use developments. Investors today assess not only location, but also the long-term potential of a site over a 5 – 10 year horizon. In Riga, Pārdaugava and the right bank of the Daugava stand out as areas with growing demand, strong infrastructure and excellent project realisation potential. In the Riga metropolitan area, interest is rising in private housing communities, townhouses and low-rise developments, as buyers seek a balance between proximity to the city and privacy, while maintaining competitive land acquisition costs. In Jūrmala, the supply of land is limited – a factor that, combined with steady demand in the premium segment, ensures strong value retention.”
Ilze Mazurenko – Sales Expert and Owner, Latvia Sotheby’s International Realty
Development Land in Riga
Riga continues to strengthen its position as a key business and lifestyle hub in the Baltic region. Development land within the city offers outstanding opportunities for high value-added projects.
Pārdaugava is distinguished by its balance of green surroundings, developed infrastructure and increasing demand for high-quality residential and mixed-use developments. The area is becoming increasingly attractive to both local and international buyers.
The right bank of the Daugava represents a dynamic urban environment with direct access to business districts, educational institutions and cultural infrastructure. Land plots in this area are particularly well suited for modern residential projects and multifunctional developments.
Commercial development land in Riga offers strategic opportunities for office, retail, logistics and mixed-use projects. Excellent access to major transport arteries and public transport ensures sustainable long-term rental demand.
Development Land in Jūrmala
Exclusivity by the Baltic Sea – Jūrmala has long been synonymous with prestige, tranquillity and refined quality of life. Residential development land in this area is a limited resource, which underpins its strong investment value.
Projects developed here attract both local and international buyers seeking a truly distinctive coastal residence.
Residential Land near Riga
The future of living – the Riga metropolitan area is among the fastest-growing regions in Latvia, attracting families, professionals and investors seeking harmony between urban proximity and privacy.
Land designated for residential development is ideally suited for private housing estates, townhouses and low-rise apartment projects. Key advantages include strong development potential in the coming years and sustained demand for high-quality living outside the city.
Development Land in Riga’s Outer Districts
Accessibility with growth potential – Riga’s peripheral districts offer investors the opportunity to enter the market at an early stage of development. These areas are well suited for creating affordable yet high-quality residential projects aligned with modern urban planning trends.
Improving infrastructure and population growth are steadily increasing the attractiveness of these locations, offering lower initial capital requirements, flexible development concepts and strong long-term value appreciation.
If you are considering an investment or a new home within one of these projects, our sales team will be pleased to provide a detailed consultation and help you identify the most suitable opportunity.
Contact the Latvia Sotheby’s International Realty sales team to learn more about properties aligned with your objectives and to schedule a consultation today.
info@latviasir.com
+371 29 171 747
www.latviasothebysrealty.com
Resource: DISCOVER LAND WITH FUTURE VALUE