European best destinations 2024 - Riga

Riga at MIPIM 2022

Why invest in Riga?

Riga has long been among the largest cities in Northern Europe, with more than 1 million people in its metropolitan area. Perfectly located right on the border of the European Union and CIS, it has grown to be a strategic hub for international businesses.

Riga offers the best connectivity in the region, having the largest airport and most direct flights in the Baltics, as well as one of the largest cargo and passenger ports. It is also part of the global Rail Baltica project with the goal to integrate the Baltic States into the European rail network. The project includes five EU countries – Poland, Lithuania, Latvia, Estonia and indirectly also Finland and will ultimately link Helsinki, Tallinn, Pärnu, Riga, Panevežys, Kaunas, Vilnius, Warsaw into a single, fast and modern railway connection.

Riga is also the largest education hub in the country: 80% of all university students in Latvia are located in Riga, thus fostering innovation and sustainable development within the urban environment.

Investors Benefits 

  • 90% real estate tax reduction 

  • Growing market demand

  • Attractive yields

  • Making an impact 

  • Red carpet service 

More about Investor's benefits

Riga real estate market overview

In 2021, total investment volume reached EUR 665 mln – twice the investment volume achieved the year before. The volume was achieved not due to more transactions, but due to a larger proportion of large transactions, meaning the Top 3 transactions already exceed the investment volume achieved during the previous year. 

Investors have adjusted to the pandemic and are in a buying mood, however, are more cautious about how they choose the properties. Investment into real estate is currently used as a hedge against inflation.

*Request full "Colliers Riga real estate market overview" 

Projects in Riga 



What others say about Riga 

Riga is like a raw diamond with a great potential. / Elias van Herwaarden, Head of Location Strategy, Occupier Services EMEA at Colliers International.  

The cooperation so far has been successful. Riga is and will be a city that attracts the majority of foreign investment. We have jointly serviced and implemented various investment projects. / LIAA

Riga at MIPIM Partners 



Primary contacts for you




“We are looking forward to having an open dialogue with investors, associations, companies and chambers of commerce because external parties are the most competent at pointing out the flaws in public procedures.  It’s vital for continuous improvement and uninterrupted work towards developing the city of Riga. We are here to welcome new companies, investors and tourists to our city and to serve you to the best of our ability.” - Rolands Bogdanovs


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