Real Estate in Jurmala, Latvia
Last updated on Jun 06, 2024
Summary: The average cost of a nice 2 bedroom home in Jurmala, Latvia is around €200,000, while a nice 3 bedroom home can cost around €250,000. These properties typically include modern amenities such as central heating, air conditioning, and high-end appliances. Many of the homes also have balconies or terraces with views of the sea or the city. There are no restrictions on foreign ownership for properties in Jurmala. Expats should search for a home to buy in Jurmala by using online real estate portals, such as Baltic Sotheby's International Realty, or by contacting a local real estate agent. The most desirable neighborhoods in Jurmala are Bulduri, Majori, and Dzintari. These areas are close to the beach and offer a variety of amenities, such as restaurants, shops, and entertainment venues.
How do I find a place to live in Jurmala?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One option for finding a place to live in Jurmala is to search online for rental listings. Websites such as City24.lv, Realigro.com, and Rent.lv are popular resources for finding rental properties in Jurmala. Additionally, you can contact local real estate agents who specialize in the area to help you find a suitable place to live. Additionally, you can look for rental postings on local classifieds websites such as SS.lv and Sludinajumi.lv. Finally, you can also ask around in the local community for any available rental properties," remarked one foreigner who made the move to Jurmala.
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What is a typical expat home or apartment like in Jurmala?
"Expat homes and apartments in Jurmala are typically modern and spacious, with large windows that let in plenty of natural light. Many of the apartments have balconies or terraces that offer stunning views of the nearby beach and the Baltic Sea. The interiors are often decorated with contemporary furnishings and feature modern amenities such as air conditioning, high-speed internet, and cable TV. Expats in Jurmala can also enjoy access to a variety of recreational activities, including swimming, sailing, and golf," said one expat in Jurmala.
What is the average cost of housing in Jurmala?
If you are thinking about moving to Jurmala, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Jurmala can vary greatly depending on the size and location of the property. Generally, the average cost of housing in Jurmala is higher than in other parts of Latvia, with prices ranging from moderate to expensive," said one expat in Jurmala.
Should I buy or rent a home in Jurmala?
If you have not spent a lot of time in Jurmala, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Jurmala can be a great investment, as the city is a popular tourist destination and real estate prices are on the rise. However, it is important to consider the cost of living in the area, as well as the availability of rental properties. Renting a home in Jurmala can be a great option for those who are looking for a short-term stay or who are not ready to commit to buying a home. Renting can also be a great way to get to know the area before making a long-term investment. Ultimately, the decision to buy or rent a home in Jurmala should be based on individual needs and preferences," remarked one foreigner who made the move to Jurmala.
What do I need to know when buying property in Jurmala?
When we asked expats what advice they would give a foreigner before buying a property in Jurmala, they said:
"When buying property in Jurmala, it is important to research the local market and familiarize yourself with the local laws and regulations. It is also important to understand the tax implications of buying property in Latvia, as well as any restrictions on foreign ownership. It is also important to consider the local infrastructure and amenities, such as public transportation, schools, and healthcare facilities. Additionally, it is important to consider the local climate and environment, as well as the potential for natural disasters. Finally, it is important to work with a reputable real estate agent or lawyer to ensure that the purchase process is completed correctly and that all necessary paperwork is in order," explained one person living in Jurmala, Latvia.
Are foreigners allowed to own property in Jurmala?
When we asked expats what advice they would give a foreigner before buying a property in Jurmala, they said...
"Yes, foreigners are allowed to own property in Jurmala. However, there are certain restrictions for non-European Union citizens when it comes to purchasing agricultural land and forests. Non-EU citizens must obtain a permit from the local municipality to purchase such land. Apart from these restrictions, foreigners can buy residential and commercial properties in Jurmala without any major obstacles. It is advisable to consult a local real estate agent or lawyer to ensure a smooth property acquisition process," explained one person living in Jurmala, Latvia.
What appliances are typically included in a rental?
We asked foreigners in Jurmala what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In a rental property in Jurmala, tenants can typically expect to find a refrigerator, stove, oven, dishwasher, washing machine, and dryer. Additionally, some properties may include a microwave, toaster, and other small kitchen appliances," wrote one expat who made the move to Jurmala.
Additional Information about Searching for a Home in Jurmala:
We asked foreigners in Jurmala what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats searching for homes in Jurmala, often begin by browsing online real estate websites and portals that cater to the local market. They may also seek recommendations from fellow expats or join online forums and social media groups to gather information about the housing market in Jurmala. Additionally, expats may consult with local real estate agents who have experience working with foreigners and can provide guidance on the best neighborhoods, property types, and price ranges. Some expats may also visit Jurmala in person to explore the area and attend open houses or schedule property viewings with real estate agents. Furthermore, expats may seek advice from their employer or colleagues, especially if they are relocating for work, as they may have valuable insights into the local housing market," wrote one expat who made the move to Jurmala.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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