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.
90% real estate tax reduction
Growing market demand
Making an impact
Red carpet service
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.
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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