Buying process
From viewing to keys
Five steps, each with a clear condition. Below, the additional costs set by law, with the source they come from.
- 5 steps
- Reservation €1,000
The process, step by step
- 1
Viewing
View the apartment in person and ask about the building, the finish and availability.
- 2
Reservation
A €1,000 reservation fee holds the apartment. If at least two banks decline the loan application in writing, or the agreement falls through due to the seller’s fault, the fee is refunded.
- 3
Bank approval
If you buy with a mortgage, the bank reviews the application and approves financing.
- 4
Preliminary purchase agreement
After bank approval, you sign the preliminary purchase agreement with a 10% first payment.
- 5
Handover
You pay the balance once the building is commissioned for use, the acceptance certificate is signed, the bank has released the funds and the land register entry is opened.
You receive a sample reservation agreement after the viewing, on request. It is not available for download on the site.
What you get on handover day
- Full interior finish: just move in.
- One car parking space.
- An enclosed outdoor storage unit.
Every parking space has an electrical outlet for EV charging (already in place at Alūksnes iela 2, coming at Alūksnes iela 8).
- Light fixtures. Not included in the price.
- Kitchen appliances. Not included in the price.
An extra parking space costs €7,000, up to two per apartment.
Additional costs paid by the buyer
- State fee, private individualFor a legal entity, 2.0%; for close relatives, 0.5%. Cap: 50 000 €, regardless of the transaction amount.
- 1.5 %
- Mortgage registration feeOn the loan amount, if you buy with a mortgage.
- 0.1 %
- Latvian real estate tax (NĪN), per yearA progressive rate on the cadastral value.
- 0.2 % up to 56 915 €
- 0.4 % 56 915 €-106 715 €
- 0.6 % above 106 715 €
- Real estate tax (NĪN) if no one is registered as living there on 1 JanuaryIn Salaspils municipality, about 7.5 times the base rate. Matters if you rent the apartment out.
- 1.5 %
- Notary costsPer the notary fee schedule.
- Paid by the buyer
Financing
- Luminor
- Citadele
- Swedbank
- SEB
- Bigbank
- Indexo
Altum guarantee for families with children and young professionals: the down payment can start from 5% of the apartment price.
Mortgage calculator
An indicative monthly payment. The starting price is the lowest available apartment price at Alūksnes iela 8 (175 500 €); you can change it.
Monthly payment
770.07 €
25 years · 300 payments
- Loan amount
- 140 400 €
- Borrowing ratevariable (6M EURIBOR + margin)
- 4.37% per year
- Total interest
- 90 620 €
- Total paidprincipal + interest
- 231 020 €
- Recommended net income per monthBank of Latvia limits: the payment at most 45% of net income (DSTI) and the loan at most 8 times annual net income (DTI). Binding limit: DSTI.
- 1 711 €
If the rate rose by 1 percentage point, the payment would be 851.31 € per month.
Brīdinām! Aizņemšanās maksā naudu (Warning! Borrowing costs money.)
Indicative calculation, not a loan offer. The bank states the exact APRC (Bank of Latvia average 4.50%, 07.2026). The loan is secured by a mortgage; mandatory insurance is not included.
Minimum: 15% (26 325 €). Banks usually require a down payment of at least 15%.
The maximum term for a home loan is 30 years.
The starting value is the Bank of Latvia's average rate on new home loans (4.37%, 07.2026). You can change it.