How to Buy Land in Latvia

Are you a foreigner interested in buying land in Latvia and need assistance? You may explore this article and find out the information you need. Accessing our online legal services is beneficial because you can skip the possible complexities from the start by collaborating with our Latvian lawyers.

Can foreigners buy land in Latvia?

Yes, but exemptions might apply for certain citizens from non-EU/EEEA and non-OECD countries.

What type of land can be purchased in Latvia?

Forest, urban, agricultural land,

NOTE: In principle, a person in Latvia can own a maximum of 4000 hectares of agricultural land, but restrictions and specific conditions are imposed on non-EU/EEA citizens.

Can foreigners buy land and the buildings constructed?

Yes.

What are the general conditions to purchase land in Latvia?

• choose the type of land you wish to purchase and the firm/seller,
• ask for a real estate property examination/ real estate due diligence,
• check the cadastral number and also see if the land is involved in legal issues,
• ask for zoning verification and municipality plan,
• buying agricultural land requires economic-activity registration,
• verify the sale-purchase agreement to include details about the property history, price, and type of payment,
• sign the pre-sale agreement and pay the deposit,
• attend to the notary and sign the final deed.

Can land price be negotiated in Latvia?

Yes, price negotiations are possible in Latvia, but it depends on the seller.

What is the usual deposit solicited when buying land in Latvia?

About 10% of the real estate property price.

Can I buy land in Latvia by being represented?

Yes, our lawyers in Latvia can represent local and foreign clients in purchasing land via proxy.

Where do I register the purchased land in Latvia?

At the Land Register in Latvia through its local offices. This process should be done within a maximum of 25 days from the date of purchase.

What are the taxes to be paid when buying land in Latvia?

• 1.5% – 2% state registration fee,
• around EUR 28 at the Land Register,
• around EUR 150 – EUR 250 as notary fees, etc.

Is it hard to buy land in Latvia?

As long as you collaborate with a specialist in the field, such as our Latvian attorneys, the process of buying land in Latvia will be relatively fast. However, some extra requirements might be imposed on non-EU/EEA citizens purchasing land in Latvia.

We invite you to explore our legal services when buying land in Latvia and make sure you have an expert by your side from the beginning. Contact our law firm in Latvia today and get your answers.