An Apartment in Riga or Losses up to €1,500 per Year?
Our client, Alexander, has been living and working permanently in the UK for over 7 years. He left behind a 2-room apartment (series 602) in the Imanta district of Riga.
The apartment stood empty for a long time and brought constant losses: utility bills to Rīgas Namu Pārvaldnieks (RNP), real estate tax (NĪN), and others. The total maintenance costs were approximately 1,200–1,500 euros per year.
Rent out the apartment or sell through a real estate agent?
Alexander could not rent out the apartment because it required major renovations, meaning significant financial investments. But even if the property’s condition allowed it, managing a rental property from thousands of kilometers away is difficult and unprofitable: you either have to pay someone for property management, or in any emergency (for example, tenants move out or a pipe bursts), you have to buy expensive tickets to Riga, take time off work, lose income, and solve problems on the spot
Alexander made a decision to sell the apartment in Riga. Coming to Latvia in person to handle the sale and paperwork was not possible. He wrote to some agents on ss.com — some didn't reply, some didn't inspire trust, and some asked for too much for their services. Besides, selling an apartment over several months means paying hundreds of euros more in utility and other expenses.
Alexander decided he needed a fast apartment buyout in Riga without his personal presence — he started searching for information online and found our website, rigarealpro.lv
The Solution: Remote apartment buyout in Riga
We organized the real estate transaction completely remotely — in just 4 simple steps:
1. Remote property valuation by photo
The client didn't have to look for trusted people to show the apartment. He simply sent photos of the property and the Land Register (Zemesgrāmata) document. Within 2 hours, we assessed the property's value and agreed on the buyout price with the owner.
2. Paying RNP debts and document preparation
Even before concluding the deal, we paid off the client's small utility debt to RNP ourselves and prepared the draft purchase agreement. Our company completely covered all expenses for legal support and document preparation.
3. Online transaction with a notary via Smart-ID
At the appointed time, Alexander in the UK and our representative in Riga connected to a secure video conference with a sworn notary via the official portal latvijasnotars.lv. The notary read the contract, after which we signed it with a secure electronic signature (Smart-ID). The procedure itself took about 30 minutes.
4. Secure payment and registration in the Land Register
Immediately after signing the contract, we transferred the full amount to the client's bank account. In turn, the notary submitted a request to secure the new ownership rights in the Land Register.
Result: A sale without stress, debts, and flights
The client got rid of a liability that required renovation and drained up to 1,500 euros from the budget annually, closed debts to RNP, and received the money in his bank account. No flights, no stress, and absolutely safe.
Do you want to sell an apartment in Riga without being present in person?
Living abroad, while your apartment in Riga only brings losses? Don't wait until utility debts grow to critical amounts. Riga Real Pro will help you sell property in any condition quickly, officially, and completely remotely.
We close debts to RNP and VID ourselves, take care of the paperwork, and conduct transactions via video call with a notary (using eParaksts or Smart-ID). You can be located in the UK, Ireland, Norway, the Netherlands, or any other country.
Contact us — we will evaluate your apartment in Riga for free and make an offer to purchase your property within 24 hours!