Real estate in Latvia is immovable property that usually consists of a land plot (possibly including all natural resources, depending on the agreement) and any buildings connected with it. In the case of an appartment it can also refer to a specific part of a building, along with a defined shared interest in the underlying land. In Latvia, if a foreigner purchases real estate and if the deal meets with specific requirements then this kind of investment can entitle the purchaser to apply for a residence perm
