Latvia’s Riga city council plans to sell the municipal housing company, Rigas Namu Parvaldnieks (RNP), LETA reports. Under the proposal, RNP would be reorganised and converted into a joint-stock company before the sale through a public securities offering. The plan is first to sell 51% of RNP’s shares. Individual investors would be a able to…
Latvia’s Ministry of Defence has announced details on its planned spending under the government’s defence budget in 2026, LSM reports. Latvia will spend a total of EUR 2.158bn on defence in 2026, which will be 4.91% of the estimated annual GDP. Altogether EUR 1.14bn (53%) of the defence budget will go to buy new military…
Latvia’s state real estate management company, Valsts Nekustamie Ipasumi (VNI), plans to complete the construction of a fence along the full stretch of the country’s border with Russia by the end of 2025, LSM reports. Only around 6 kilometres of the fence remains to be built in areas of difficult terrain along the border. VNI…
Latvians are not buying homes due to high prices, insufficient savings and income, and economic uncertainty, according to a Norstat survey carried out for Luminor Bank in September 2025, LSM reports. The survey showed that 27% of Latvian residents cited high real estate prices as the main obstacle to buying a home. Another 24% of…
Housing prices in Latvia increased by 6.7% in the second quarter of 2025, compared to the same period of 2024, according to Eurostat data, LSM reports. Compared to the first quarter of 2025, housing prices rose by 3.2%. The increase in housing prices in Latvia was higher than the EU average, according to Eurostat’s House…
The Latvian parliament, the Saeima, has approved in final reading a law on setting up anti-mobility infrastructure along the country’s eastern border, LSM reports. Altogether 75 MPs voted in favour and 12 against the law. Latvia will build anti-tank ditches, obstacles, storage facilities, and other technical solutions over an area of around 2,000 hectares in…
The taxable value of real estate property in Lithuania has increased by 90% since the beginning of 2021, according to an assessment by the Centre of Registers, BNS reports. The tax value of residential property has roughly doubled, while the value of other real estate has increased by 60-100% over five years. Property values have…
Lithuanian real estate developer Hanner and Baltic investment company BaltCap have completed a deal under which Hanner will take over the national stadium project in Vilnius, BNS reports. Hanner acquired 98% of shares in Venetus Capital, which owns the project’s concessionaire, Vilniaus Daugiafunkcis Kompleksas (VDK), for one euro. Hanner will pay EUR 2.8mn to BaltCap…
Latvia approved 30 applications for investor visas and 53 dependent visas under its so-called golden visa programme in the first half of 2024, Investment Migration Insider reports. The biggest number of approved applications were submitted by Chinese (11) and Turkish (7) nationals. The EUR 50,000 business investment option accounted for 22 and real estate investments…