🇱🇻 Latvia

Property Taxes and Buying Costs in Latvia

Budget 2–4% on top of the price for a resale apartment. On a 60 m² apartment in Riga (about €150,000) that is roughly €3,000–€6,000.

Costs when you buy

State duty for ownership registration
approx. 1.5–2% of the higher of price or cadastral value
Notary / lawyer
approx. 0.5–1% of price
VAT on new builds
21%, usually included in the price

Costs while you own

Real estate tax
approx. 0.2–0.6% of cadastral value a year for housing, set by municipality

Tax on rental income

Rental income can be taxed at a flat 10% (registered rental income) or under general income tax rules.

Frequently Asked Questions

What taxes do you pay when buying property in Latvia?↓
State duty for ownership registration: approx. 1.5–2% of the higher of price or cadastral value. Notary / lawyer: approx. 0.5–1% of price. VAT on new builds: 21%, usually included in the price.
What are total closing costs in Latvia?↓
Typically 2–4% of the purchase price for a resale apartment.
How is rental income taxed in Latvia for non-residents?↓
Rental income can be taxed at a flat 10% (registered rental income) or under general income tax rules.
Buying property in Latvia: step-by-step guide →
Property prices in Latvia →Apartments for sale in Latvia →Rental yield calculator →

Last reviewed 2026-10. General information, not tax or legal advice: rates change and often depend on region and buyer status, so confirm with a local notary, lawyer or tax adviser. Sources: Investment and Development Agency of Latvia: Residence permit factsheet.