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Building construction

To do this you need visit the website and choose the district / project of your interest and the specific plot located on this site. The financial calculator will provide you with guidance in an amount of the monthly payment in accordance with the loan term and rate interest.

When calculating the first deposit you should take into consideration that the bank can offer you no more than 50-75 % of the estimated value of the land and of evaluation of the house’s future value.

If you do not have surplus funds for the first deposit (although, it is desirable for the land purchase), you can mortgage your apartment. To determine the value of the apartment, look through advertisements on the Internet. This way you will be able just to appraise your financial possibilities.

At the same time, you can choose a type of the future house / developer and decide on a certain project acting independently or using information on the program «YOUR HOME” * provided by our partners. In the office of our company you will get preliminary information on the specificity of the developer and will be able to calculate an approximate amount of your own funding with the calculator taking into account a reference future price of the house. 

More information about developers

Also, we will organize the meeting with a particular developer, examination of their sites, will agree upon preparation of the cost estimate according to the project chosen (individual changes of details of the project and making an instruction in accordance with your requests are possible) and evaluation of the house’s future value. 

*the service is temporarily suspended

Related costs:

0

After choosing a contractor and receiving an approximate cost estimate of the house construction and of architectural consultancy for the project chosen, a proposal for the market value assessment of the future house, documents on the land plot, an indicative proposal for the market value assessment of the mortgaged apartment and the purchased plot from our partner, we will organize the preliminary consultation with credit managers of the leading banks of the capital. So you can choose the most favorable loan offer and the bank.

More information about banks

Information obtained will allow you to estimate precisely not only your financial possibilities (loan amount, term and interest rate), but also an amount of your own funding required for the land purchase and the following house building. At this moment you can confidently decide on an order of evaluation of the land plot, of the value of the future house and, if necessary, of the cost of the apartment.

Then, all the documents prepared with our assistance are submitted to the bank. If the bank decides to provide you with funds that are enough for house building, you can confidently decide on the land plot reservation.

After seeking agreement on the site reservation for a period of credit processing (it is necessary to produce the bank with the reservation agreement) and also obtaining the necessary documents for the real estate valuation and free consultations in the office of our company you will be able to:

  • Take a loan against the pledge of the land and the apartment independently;
  • Entrust the specialized organization with document preparation (the fee for the services: from 1,5 to 5 % of the loan amount);
  • Have the assistance of our company.

Related costs:

  1. Deposit for the real estate property: 2–10 % of the property price (included in the site price);
  2. Payment for contractor services (in a specialized organizations: from 1,5% to 5%);
  3. Payment for surveyor services (from EUR 215 for the plot), geodesy (from EUR 215). Service prices depend on the chosen contractor.

To take loan in the majority of banks you need the following documents:

For land plot:

  • Land register,
  • Land plan,
  • Necessary technical documents (provided by our company).

For apartment:

  • Land register,
  • Property inventory files,
  • Receipt of payment for utility services (provided by the client).

For house:

  • Land register,
  • Property inventory files (provided by our company).

For house building:

  • Coordinated project of the,
  • Future value assessment. 

More information about services on the assessment

Income certificates:

  • Certificate from VSAA,
  • Certificate from VID,
  • Statement of employment (provided by the client).

Other documents:

Upon the request of the bank: credit history, account statement, certificate from the Bank of Latvia.

Our company will help you obtain all documents mentioned above (at extra cost, see below) except income certificates. After obtaining all necessary documents and completing the application you can submit the documents to one or several banks of your choice.

Documents for house design:

  • Topography,
  • Geodesy,
  • Architectural planning assignment.

** the list of documents may be corrected

Related costs:

  1. Evaluation of the apartment, according to price-lists of leading firms (Latio, Langespils, etc.): from EUR 100 * * *
  2. Apartment insurance, according to price-lists of leading firms (ERGO, Balta, etc.): from 0,1 % * * *
  3. Banking commission for loan application review (paid by the client in accordance with the price-list of the bank): * * *

After getting the credit solution you must:

  • Conclude the loan agreement and the guarantee agreement (concluded by the guarantor) with the bank.
  • Sign all necessary applications in the land register in front of public (registration of mortgaging the apartment, registration of mortgaging the land).
  • Coordinate all loan documents and the text of the letter of guarantee with the seller.

Our company will help you execute all documents mentioned above for free.

Related costs:

  • Commission for loan application review (paid by the client in accordance with the price-list of the bank after getting a loan
  • Payment for legalization of the documents (paid by the client in accordance with the price-list of the notary): from EUR 215 ***

After providing the company with the full loan and pledge agreement you will get the sale contract coordinated in advance and prepared for signing and will be able to conclude an agreement.

To construct the house it is necessary to order promptly the current topography of the land plot, the architectural planning assignment and geodesic soil analysis. For collecting the documents mentioned above and / or constructing / adapting the standard plan we recommend you to use services of experienced architects, who cooperate with our partners, or services of other specialized organizations (more information about designing).

  • Preparation of projects of 3 contracts (land sale, facility connection and maintenance of the plot) is free of charge.
  • Payment for legalization of the documents (paid by the client in accordance with the price-list of the notary):  from EUR 215 ***
  • Payment for surveyor services (from EUR 215 for the plot), geodesy (from EUR 215). Service prices depend on the chosen contractor.

Related costs:

  • Standard plan tied in (from EUR 430 EUR)
  • Standard plan from developers (for free)
  • Future value assessment (from EUR 215-285)

This procedure is considered in accordance with the Law on Land Registers and requires:

For land plot:

  • Application for registration of property rights signed in front of public notary
  • Purchase agreement
  • Certificate of permission of the non-citizen of Latvia to purchase the land (if necessary)
  • State fee receipt (2 % of the transaction amount and the registry fee for registration (in dependence of the amount of public plots (kopīpašums , tehniskie zemes gabali)
  • Application for registration of mortgage on the land plot signed in front of public notary (if the land plot is mortgaged)
  • Loan contract *
  • Security contract *
  • Guarantee contract *

* - documents mentioned in the application for mortgaging

  • Mortgage registration tax payment receipt (0,1%)
  • Receipt of registry fee for mortgage registration

For apartment:

  • Application for registration of mortgage signed in front of public notary
  • Security contract *
  • Loan contract *

* - documents mentioned in the application for mortgaging

  • Mortgage registration tax payment receipt (0,1%)
  • Receipt of registry fee for mortgage registration.

After registering the property right and banking mortgage on your apartment the bank will pay the remaining part of the purchase price to the company. The customer will get originals or copies of land registers from the credit manager of the bank.

When becoming a full owner of the land and receiving all necessary documents for construction, you can agree on the house project developed by the architect and then obtain a permit to build the house. Average time for considering the typical plan is from 1 month.

At the same time, when you receive the coordinated project, you should revise estimated costs made formerly, receive the plan of the contract for the frame purchase from the manufacturer and also the contract concluded with the building enterprise working on house’s exterior and interior.

Getting the remaining part, that is the price difference in an amount of the apartment mortgaged and the land plot purchased, from the bank, you add your part of the funding (from 0 to 25 % in dependence on the value of your apartment), pay for the foundation and subsequently order production and delivery of the frame of the house.

At this moment you can collaborate with the technical inspection of the bank, evaluate the changes and receive the second payment for the continued construction from the bank. After producing the frame and in dependence on requests of the bank you can spend the remaining part of the loan and complete the construction.

If everything goes successfully, you will have to invest from 10 to 17 % of the price of the house construction and in the near future you will be able to move into your new house.

Current land plots

Read more
250 000 EUR - 50 000 EUR / m² Sale
  • 4
  • 5 897 m2
  • 2019 year

Settlement "Liepavoti"

Latvia, Babite
Read more
Price on request Sale
  • 6
  • 10 382 m2
  • 2019 year

Settlement "Priežkalni"

Latvia, Vangazi

Frame houses are quite easy to construct. The main feature of their construction is a wooden frame that usually contains of racks and horizontal strappings. It is filled with highly-efficient insulation. The external and internal cladding of the house is made with finishing materials. Due to such diversity of the cladding the house can look variously. Nowadays, all the latest achievements relate to the frame house building. Frame houses are common for Scandinavia, Finland, Germany, Canada and the USA. 

* the service is temporarily suspended

First of all, of course, they are made of timber. It means that the walls of the house are constructed from logs. Timber does not include any additional artificial materials. Logs specially treated are placed on each other and the walls progressively rise. Then the wooden windows, doors and floor are added, and we have the most environmentally friendly house. Because of insulated properties of timber it is not necessary to insulate such house. The wooden walls provide an excellent indoor climate.

As for the durability of timber, due to following the construction technique of such house, using modern special materials and products to protect timber and if cared properly such house will stand no less that 100 years. So, generally speaking, timber houses do not lose to stone houses.

Half-timbered houses are a type of buildings that is notable for the frame from straight and even inclined beams made of conifer serving as a supporting construction. These beams are visible from the outer side of the house and add a specific view to the building. The space between beams is filled. In modern houses it is filled with glass units or enclosing components consisting of effective insulation. The famous thickness and durability of the frame of half-timbered houses are achieved with usage of various and accurate joints of the details (on the concealed dovetail, on the swallowtail, etc.) fixed with wooden dowels. This is how several hundred wooden houses were built in Europe. They have been standing for over one hundred years, and it is the best proof of the reliability of this technique.