Hipotekārais kredīts Calculator Latvia

Market overview

Latvia's housing-loan market is led by Swedbank Latvia, SEB banka, Citadele banka, Luminor, and the cooperative-owned Industra Bank, with the Nordic-owned Swedbank and SEB holding the majority of stock. After the 2018 ABLV resolution and the broader AML clean-up, the sector has consolidated and tightened underwriting under FCMC (now part of Latvijas Banka) supervision. Latvian mortgages, like Estonian ones, are predominantly variable-rate indexed to 3- or 6-month Euribor plus a 1.5-2.2% bank margin; the 2024-2025 ECB cuts have flowed through to falling housing-loan payments. ALTUM (the state development institution) operates the main first-time-buyer guarantee programme.

Why 4.3% is the typical rate

4.3% reflects a 25-year Euribor 6m + 1.8% margin loan from Swedbank or SEB banka to a salaried Riga borrower at 85% LTV in early 2026; like Estonia, borrowers see direct relief from ECB easing.

Tax & regulatory notes

Latvia charges a state duty of 1.5% (recently raised from 1.5% with caps under specific schemes) on residential property registration, plus notary fees of roughly €100-300. There is no annual property tax on dwellings owned by individuals up to specified value thresholds; municipal real-estate tax of 0.2-1.5% applies above thresholds. ALTUM's state-guaranteed housing-loan programme covers up to 20% of the loan for families with children and young specialists, enabling 90-95% LTVs in practice. EU citizens face no restrictions; non-EU buyers face restrictions only on agricultural and forest land.