Latvia – A Real Estate Market Built on Transparency and Trust
The Investment and Development Agency of Latvia (LIAA) is the country’s state partner
for international investors, ensuring that business ambitions translate into real projects on the
ground. By providing market intelligence, guidance on regulations, and direct access to
decision-makers, LIAA helps investors navigate Latvia’s transparent and reliable real estate
market.
When investors consider entering a new market, one question always comes first: can I trust
the system? In Latvia, the answer is – yes. The country has built its real estate sector on
transparency, regulation, and trust, ensuring that both local and international players can
invest with confidence.
“Latvia’s real estate market is built on trust, transparency, and accountability. We’ve created
an environment where investors can make confident decisions backed by data and supported
by regulation. At LIAA, we’re proud to be the bridge between ambition and action, helping
global investors turn vision into reality,” Ieva Jāgere, Director General, Investment and
Development Agency of Latvia.
A transparent marketplace
All real estate transactions in Latvia are strictly regulated, with multiple safeguards in place.
Payments are carried out exclusively via bank transfers, often through escrow accounts,
which guarantees that both buyer and seller are protected. Every property purchase must be
notarized, with the final registration completed in the national Land Register. This ensures
that ownership rights are legally secure and publicly documented.
Latvia also has robust anti-money laundering rules. Brokers, banks, and sellers are legally
obliged to verify the origin of funds, adding another layer of security. For international
investors, this means peace of mind: every transaction is not only legal but also traceable.
Open access to data
Few markets in Europe provide such open and detailed access to property data as Latvia.
Investors can consult:
- zemesgramata.lv – ownership, transaction history, purchase prices, and
encumbrances. - cenubanka.lv – price levels, property types, and comparative market data.
- bis.gov.lv – details on properties under construction.
- kadastrs.lv and geolatvija.lv – maps, building parameters, zoning, and land-use plans.
This level of transparency reduces uncertainty and allows developers and investors to make
data-driven decisions quickly.
Clear regulation and oversight
Since 2020, Latvia’s real estate brokerage industry has been regulated under the Real Estate
Mediation Law. Brokers must register with the Ministry of Economics, submit annual reports,
and maintain civil liability insurance. While certification through the Latvian Real Estate
Transactions Association (LANĪDA) is voluntary, it further guarantees professional quality.
For investors, this means that intermediaries operate under a defined legal framework.
Quality standards are monitored, and clients’ rights are protected.
A climate of trust
Latvia is ranked among the Top 20 global players for trusted trade and investment and holds
3rd place in the EU for investment freedom. The investment climate is improving rapidly:
according to the EY Attractiveness Survey Europe 2025 and the FICIL Sentiment Index,
Latvia has surpassed Estonia for the first time in investor climate perception and now stands
on par with Lithuania. The key drivers: political stability, digitalization, and simplified
processes.
Foreign direct investment has grown threefold since 2010, reaching a record €26.3 billion in
2024. Notably, 85% of this FDI comes from EU/EEA countries, a strong vote of confidence
from Europe’s leading economies. Large projects also benefit from direct political support.
Latvia’s Coordination Council for Large and Strategically Significant Investment Projects,
chaired by the Prime Minister, ensures smooth implementation by removing regulatory
bottlenecks. The Green Channel mechanism provides a fast-track approval process, cutting
red tape and accelerating development.
Invest with confidence
For investors, entering a new market often comes down to trust. Latvia combines transparent
regulation, publicly available data, and state-level support. With mechanisms such as the
Green Channel fast-track for large projects and direct political backing through the
Coordination Council, investment decisions here are faster and safer. The Investment and
Development Agency of Latvia (LIAA) serves as your partner — connecting you with
regulators, industry associations, and developers, while guiding you through every step of the
process.
Visit investinlatvia.org to explore opportunities and begin your investment journey with
confidence.
About the Latvian Investment and Development Agency (LIAA):
LIAA promotes the competitiveness of Latvian entrepreneurs, export growth, and investment
attraction, as well as develops the tourism industry and implements the country’s image
policy. The agency acts as a state partner in business development – from idea to international
markets. With an extensive network of representative offices abroad and regional business
centers in Latvia, LIAA helps companies grow and positions Latvia as a safe, innovative, and
open country in the global economy.
