A CONVERTED 16TH-CENTURY BARN IN RIGA’S OLD TOWN $3.62 MILLION (3.2 MILLION EUROS) This home in the Old Town of Riga, Latvia, is a former barn dating to the 16th century that was converted into a single-family home in late 2012. Over the centuries, the three-story medieval barn, with a partial fourth story, was also […]
Each place or district is created and shaped by its history, traditions, environment and inhabitants. Mežaparks, the west-eastern part of Riga by Ķīšezers, has this special aura. Mežaparks covers 11,82 square kilometres, making it one of the largest and greenest districts in Riga. Its green area is what makes it unique: both the leisure park with […]
To live in a modern dwelling, which corresponds to the highest class of comfort, where world class designers have taken care of each detail, sense and overall aura of building, – these are facilities offered by the most refined apartments in the Baltic states, where a charming panoramic view opens from windows and terraces. The […]
ˮClub Central Residence” has been put into operation – the highest class comfort premium segment apartment house in Riga, Baznicas (Baznīcas) Street: a unique example of modern European architecture and design, which combines the best traditions of Riga’s historical construction with the latest trends in development of cities around the world. Conformity of this building […]
During the said period of time, the real estate company Baltic Sotheby’s International Realty has managed to strengthen the public conviction that the Sotheby’s brand is not only associated with art and historical artefacts. In the Baltic states, this world-famous brand is now also known as a real estate company – a leader in the […]
New trends in the Premium real estate segment: A significant decrease in the number of housing (apartment) transactions has been observed in Latvia, but there is a growing demand for investment projects. Premium real estate is mainly purchased as an investment object also on a global scale, and in recent years the Asian business region […]
Amendments to the Immigration Law of the Latvian Republic which became effective on September 1, 2014, introduced corrections to the procedure of granting a temporary residence permit to the citizens of other countries. It is still possible to obtain temporary residence permit investing into real estate, however, now the minimal amount of the real estate […]
Amendments to the Latvian immigration law that took effect in September state that temporary residence permits (TRP) can be obtained when purchasing real estate at a value of at least EUR 250,000, and the amendments also include rules that were proposed by the governing coalition of the previous Saeima, but that is not the main […]
The Russian news media have been reporting that Latvia is no longer issuing temporary residency permits (TRP) as part of the real estate programme. This information is false. On May 8, 2014, the Latvian Saeima approved a law that took effect on September 1 and says that a TRP can be received as part of the […]
A new trend in the real estate market in Latvia in recent times has been restored interest in renovated buildings in the capital city of Rīga that have stood empty for some time. Baltic Sotheby’s International Realty board member Ilze Mazurenko: “Investors are rather active in properties in the Quiet centre and elsewhere in the city. […]
The obtaining of temporary residence permits by foreign citizens who take part in the real estate purchase programme is a convenient and advantageous way to invest free resources and also to make it easier to travel in the Schengen Zone. It is clear that until now, Latvia has offered the most advantageous terms for such […]
What do you need to know about temporary residency permits in Latvia, and why should this be of interest to you right now? Baltic Sotheby’s International Reality is the leading real estate company in Latvia and wants you to know that Latvia has been offering very advantageous transaction terms to foreign citizens, also making it […]