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Our Services on purchase of the real estate in Latvia

We are delighted to assist with viewing trips but shun away from the high pressure sales tactics so often used abroad. To this end we will assist with flights/hotels etc. but leave most of the choices up to the client.

Investment in the real estate in Latvia is one of the most beneficial and perspective way of capital investment. The value of well chosen real estate shows a tendency for continuous growth and is not afraid of inflation and monetary reform. Moreover, since May 2004 Latvia enjoys full rights as the member of the European Union and the prices for real estate are soaring since then.

Our partners to cooperation are well-known companies engaged in the real estate business in Latvia that have a sound reputation among the largest clients from the Baltic States and foreign countries. Specialists of our company will be pleased to help you in making choice of any real estate meeting your requirements, will carry out valuation of the objects you are interested in, which provides maximum income and minimum fall of the object value. They will make transaction on acquisition of any real estate in your interests. A deal with us will be made based on a contract being legally correct and the necessary documents related to a particular object of the real estate.

If necessary, the specialists of our company will help you with designing and building of the necessary projects on the land purchased by you. We could render you assistance in the management, service and administration of the real estate.

We shall be pleased to help you with receiving credit in Latvian banks aimed at purchasing any real estate.

The services we can provide are:

• On stage one - preliminary tasks (free of charge)
  
  
  • identifying the best selection of real estate in Latvia
    
  • making details available to potential buyers via the Internet, brochure and newsletter
    
  • advising potential buyers on all aspects of conveyance in Latvia
    
  • helping you with your accommodation
    
  • booking flights from the UK to Latvia
    
  • you can contact us in England or Latvia at any time to obtain free advice
    
    
    
• On stage two - forming a business entity to own real estate in Latvia
  
• registering your solely owned new company (LTD/LLC) according to Latvian law
  ~registering the new company with National Tax Register Authority
  
• the new company with National Companies Register
  
• opening a regular business account in a Bank of your choice in Latvia (or by our advice)
  
• full new company book-keeping, accounting & tax administration servicing
  
  
• On stage three - buying a real estate in Latvia
  
• meeting you at the airport
  
• taking care of your accommodation
  
• car with driver, interpreter, viewing, visiting, inspecting and selecting your property or properties
  
• negotiating the best price (if possible) with the owner of the property or with the real estate agency representing the owner (if any)
  
• research on selected real estate, including court records double-check, check for mortgages etc. done by our lawyer
  
• conducting real estate inspection by independent authorised property inspector
  
• legal procedures for acquiring the selected real estate in Lativa and becoming the new company`s asset
  
• we will oversee the whole buying process and offer a full service of care from the successful offer to the handing over of keys. We will be with you every step of the way
  
• On stage four - after sale services (optional)
• providing you with our highly skilled team of professionals in renovations, builders, property insurance, property security improvements etc.
  
• help with renting the property on your behalf when you`re not in the country
  
• legal advising on possible re-selling, trading of the property etc.
  
• regular maintenance - cleaning (daily and/or weekly), utility bills payment, keeping an eye on it etc.
  
• home improvements (as per your request)
  
• interior design and decoration (as per your request)
  
  

  FEES
  
  Our Latvian partners are charging the following fees and agent commissions. The most effective option in our opinion will be to use a service package from our partners (costing 300 Lats – around 300 GBP) which includes the following:

  1) Search of property objects according to client’s requirements (we assist to find properties to our clients at the best possible value on the local market)
  
  2) Negotiating the price and conditions with the owners of the property or their agents.

  3) legal and paper work during the process of property purchase (notary, taxes, insurance, evaluation of the real market price)
  
  4) phone expenses
  
  5) transport expenses incurred while searching for the property (viewings with the client are charged separately depending on time spent, car rental, the period of rental, etc.)
  
  6) All above mentioned services included in the service package are provided for a period of 1 week, you will have full access to up-to-date database of all our Latvian partners. The legal and paper work included in the package is provided without any time limitations

  7) Advance payment.

  
  1. Viewing fee: there is also viewing fee charged which varies in price 50-70 GBP depending on how far is the property of your interest.

  2. Select a property to buy. Initially you can make this from our web site and then if you wish (we always insist potential buyers to come and inspect on their own the objects of their interest) you can came to Latvia to see the properties. We can arrange individual trips to the properties.
  
  3. As soon as you make a choice you sign a preliminary contract with us and put a deposit authorising our company to organise and finalise the deal. Our total fee in the contract is 4% of the purchase price. We will prepare the whole process of changing the ownership of the property – checking the property documentation, ownership and right to sell and preparing all necessary paperwork.

  The deposit (at least 10%, which is negotiable with the seller) is necessary to take the property out of the market for about 30 days (also negotiable with the seller) at which time you have to start purchasing process and pay the rest of the price. The deposit is not refundable if any fail of the purchase because of the buyer's fault. If there are any sellers fault, deposit is fully refundable. The deposit and our agency fee must be paid together when we sign the preliminary contract.
  
  4. Other expenses: Depending on each property there are other expenses like: notary fees, tax when purchasing property, stamp duty, etc. These additional charges are very small 3-5%, depend of the particular property. These should be paid separately by the buyer. You will receive receipts for all fees and expenses paid by you.
  5. For clients purchasing rural houses our local agents can provide regular visits and look after the property, pay bills, taxes, etc. We charge flat monthly fee of 30 GBP per month.