Latvia

Round Trip Transaction Costs - Latvia Compared to Continent

Footnote

Sort: Alphabetically  |  Ascending Rank  |  Descending Rank

Andorra	10.00%
Austria	11.82%
Belgium	17.88%
Bulgaria	24.88%
Croatia	13.87%
Cyprus	11.09%
Czech Rep.	9.20%
Denmark	2.05%
Estonia	3.81%
Finland	10.15%
France	16.30%
Germany	11.46%
Greece	15.47%
Hungary	10.58%
Ireland	6.96%
Italy	17.00%
Latvia	5.16%
Liechtenstein	3.90%
Lithuania	2.35%
Luxembourg	15.65%
Macedonia	5.24%
Malta	9.23%
Moldova	20.62%
Monaco	19.65%
Montenegro	8.28%
Netherlands	11.03%
Norway	5.06%
Poland	6.61%
Portugal	13.65%
Romania	7.58%
Russia	25.00%
Serbia	8.15%
Slovak Rep.	3.10%
Slovenia	6.92%
Spain	12.16%
Sweden	6.54%
Switzerland	5.74%
Turkey	9.93%
UK	5.03%
Ukraine	12.50%

 

 

Latvia: Round trip transaction costs (%).

The total cost of buying and then re-selling a residential property, including all costs (except the sale price itself), expressed as percentage of the property value.

Assumptions:

• The property is purchased by a non-resident foreigner in the country where he/she is buying
• The property is worth US$250,000 (€250,000 for Europe)
• The property is paid in cash
• The property is a condominium located in a major city
• The property is not newly-built
• The property is bought from an individual and not a developer or real estate holding company.

Transaction costs can be broken down into four major cost areas:

• Registration costs
• Real estate agent fees
• Legal fees
• Sales and transfer taxes

Other incidental costs (survey fees, residency permit cost, or company setup costs), are not included in our calculations. In most cases value added tax (VAT) is not included, because our figures reflect the purchase of old, not new, properties.

Costs paid by buyers and sellers vary widely. Agents’ and lawyers’ costs are often negotiable. Buyers of expensive properties often pay proportionately lower agents’ fees. For the full spectrum of possible transaction costs see the Country | Buying Guide.

For fuller details see the Data FAQ.

Source: Global Property Guide Research

 

Latvia generates an annual house price time-series, issued by the Central Statistical Bureau of Latvia. In addition, apparently good quality monthly house price data come (free) from the realtor Latio. High quality general economics statistics for Latvia are published by the Bank of Latvia and the Central Statistical Bureau of Latvia.