Is it true that he abolished the law on residence permit?
Elena asks:
Is it true that he abolished the law, adopted from 1 September 2014? To obtain a residence permit in Latvia what kind of property you need to buy today? What should be its cadastral value and what is market value?
Expert answers (2)
(Distant Property)
Dear Elena, the law on granting a residence permit when buying property in Latvia was adopted on 1 June 2010 and 1 September 2014 has been amended in particular, the purchase amount is increased to 250 000 Euro. At the moment the law is not abolished but suspended for political reasons. If You are considering buying real estate for the purpose of obtaining a residence permit, it is possible to consider alternative countries of the EU, e.g. Greece where, with the purchase of the property by the same amount as in Latvia (250 000 euros) you can get residency in Cyprus when buying from 300 000 Euro, in Spain and Portugal of 500 000 euros.
24.11.2014
Good day, Elena. No it is not true. Currently, only the Seimas is considered such a possibility. The changes were approved in the first reading. We are waiting for the second.
Today you need to buy one object real estate worth at least 250 000 euros, 80 000 cadastral value and 5% in the country to make a budget.
Yours faithfully,
Yana
BALTICZONE
Today you need to buy one object real estate worth at least 250 000 euros, 80 000 cadastral value and 5% in the country to make a budget.
Yours faithfully,
Yana
BALTICZONE
24.11.2014
Consultation
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21 of Mar, Friday 11:00
The Great St. Petersburg Real Estate Fair invites buyers and private investors interested in buying properties abroad to a foreign Real Estate Salon. The event will take place on March 21st and 23rd, 2025 at the Expoforum. 
