{"id":11816,"date":"2026-07-06T09:24:50","date_gmt":"2026-07-06T06:24:50","guid":{"rendered":"https:\/\/invego.lv\/?p=11816"},"modified":"2026-07-06T09:24:43","modified_gmt":"2026-07-06T06:24:43","slug":"estonian-rental-investors-now-buy-more-in-riga-than-the-locals","status":"publish","type":"post","link":"https:\/\/invego.lv\/en\/estonian-rental-investors-now-buy-more-in-riga-than-the-locals\/","title":{"rendered":"Estonian rental investors now buy more in Riga than the locals"},"content":{"rendered":"\n<p><strong>A markedly lower entry price, the market\u2019s growth potential and long-standing experience are the main reasons why Estonian real estate investors are currently even more active in Riga\u2019s apartment market than locals, says Invego CEO Kristjan-Thor V\u00e4hi.<\/strong><\/p>\n\n\n\n<p>According to Kristjan-Thor V\u00e4hi \u2014 head of Invego, which is currently developing eight different residential neighbourhoods in and around Riga \u2014 it is above all Estonian, but also Lithuanian, investors who, alongside ordinary homebuyers, are betting on the growth of the Latvian capital\u2019s property market. \u201cMany investors share our view that the broader growth phase that began last year is only just gaining momentum. At times it almost feels like an Estonian embassy here, because groups of Estonians, large and small, are constantly visiting our Riga office \u2014 and not only for the good coffee,\u201d V\u00e4hi comments, adding that the Invego team now has solid experience advising investors in Latvia.<\/p>\n\n\n\n<p>According to V\u00e4hi, experience is an important advantage for Estonians, as back home many rental investors have been building their portfolios for the past decade or so. \u201cFor historical reasons, Latvians are only now overcoming their distrust of buying apartments in buildings that have not yet been completed. The Estonian investor, however, knows from experience that the best-priced deals are made right before the cornerstone is laid, because developers usually need to secure a critical volume of pre-sales,\u201d V\u00e4hi comments, adding that among Invego\u2019s developments investors have so far been most interested in Vitolu Parks, which has already entered its second construction phase, and the Miera and Nordale neighbourhoods, which reached construction contracts this spring.<\/p>\n\n\n\n<p>According to the Estonian entrepreneur, more than thirty apartments have recently been bought from Invego for investment purposes, and over half of those deals were concluded with buyers from Estonia. \u201cIn Riga, new apartments are still up to a third cheaper than in Tallinn, and as a result the numbers add up better in rental investors\u2019 plans. On top of that, they are betting on the market\u2019s faster overall development and the rise in property prices that comes with it,\u201d explains Kristjan-Thor V\u00e4hi, adding that in many ways the current sentiment of Riga\u2019s property market resembles that of Tallinn some 7\u20138 years ago.<\/p>\n\n\n\n<p>According to the Invego CEO, the Riga market used to be dominated by very cheap and very expensive projects, but the segment of quality mid-market new developments \u2014 the kind that meets the expectations of today\u2019s homebuyers \u2014 has now grown quickly. \u201cPeople increasingly value energy efficiency, well-considered layouts and a fully planned new residential quarter. This means demand is concentrating in quality new developments whose value grows over time \u2014 and that is exactly what makes these projects attractive to investors as well,\u201d explains V\u00e4hi.<\/p>\n\n\n\n<p>The Invego Group is a new-generation real estate developer operating in three countries, specialising in building large-scale residential neighbourhoods and business quarters with a holistic concept that shapes the urban space of the future. With more than 10 years of operating history, the Invego Group comprises over 60 companies in Estonia, Latvia and Portugal, with 30 different development projects currently underway. The group has developed over 150,000 m\u00b2 of residential space \u2014 1,500 homes in total \u2014 and 50,000 m\u00b2 of commercial property. A further 500,000 m\u00b2 of development volume is in the pipeline across both residential and commercial real estate.<\/p>\n\n\n\n<p>In recent years, Invego has built new homes for more than a thousand families in and around Tallinn. Its largest developments to date include the completed Vana-Peetri, Tiskreoja and Tabasalu Kodu, as well as the Luccaranna, Uus-J\u00e4rvek\u00fcla, Keila Pargikodud and Verve neighbourhoods currently in progress.<\/p>\n\n\n\n<p>In the Latvian capital, Invego is developing the Nordale, Tornakalna Terases and Vitolu Parks neighbourhoods, and \u2014 together with its development partner Reterra \u2014 the Parka Kvartals, Skanstes Rezidences and Miera Rezidences neighbourhoods. In the immediate vicinity of Riga, Invego, together with the EfTEN Special Opportunities Fund, is developing the large Marupes Sirds neighbourhood and the Vide Ada\u017ei residential area, which consists solely of terraced houses. In southern Portugal, Silves Hills \u2014 spanning 65 hectares with 154 villas suitable for both year-round living and seasonal use \u2014 is currently under development.<\/p>\n","protected":false},"excerpt":{"rendered":"A markedly lower entry price, the market\u2019s growth potential and long-standing experience are the main reasons why Estonian real estate investors are currently even more active in Riga\u2019s apartment market than locals, says Invego CEO Kristjan-Thor V\u00e4hi. According to Kristjan-Thor V\u00e4hi \u2014 head of Invego, which is currently developing eight different residential neighbourhoods in and [&hellip;]","protected":false},"author":9,"featured_media":11810,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/invego.lv\/en\/wp-json\/wp\/v2\/posts\/11816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/invego.lv\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/invego.lv\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/invego.lv\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/invego.lv\/en\/wp-json\/wp\/v2\/comments?post=11816"}],"version-history":[{"count":1,"href":"https:\/\/invego.lv\/en\/wp-json\/wp\/v2\/posts\/11816\/revisions"}],"predecessor-version":[{"id":11817,"href":"https:\/\/invego.lv\/en\/wp-json\/wp\/v2\/posts\/11816\/revisions\/11817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/invego.lv\/en\/wp-json\/wp\/v2\/media\/11810"}],"wp:attachment":[{"href":"https:\/\/invego.lv\/en\/wp-json\/wp\/v2\/media?parent=11816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/invego.lv\/en\/wp-json\/wp\/v2\/categories?post=11816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/invego.lv\/en\/wp-json\/wp\/v2\/tags?post=11816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}