Buy Property in Latvia
If you’re interested to buy a property, the mortgage is one of the most important considerations. Becoming a landlord for the first time is an exciting opportunity! Of course that should be carefully considered as you will have to invest your own money and as well your time into it to keep things running the way they should to ultimate the profit you made of it.
The key to a succesful investment is careful managing of your budget and of course choosing the right property.
Well there’s a few most important things you should do if you decide to become a landlord:
- Work out your finances
- Choose your property and tenants
- Find the mortgage that suits you best
- Get a quote and apply
- And last but not least,be a good landlord
According to law one who has bought a property for 100.000,- Lats (~144.000,- eur) in Riga or Riga region or for 50.000,- Lats (72.000,- eur), he can apply for Tempoeary Residence Permit for 5 years. More about immigration you can get in section on immigration.
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