26-05-2026
A Latvian client based in Singapore approached Mercury Group with a clear objective: acquire a premium property in Riga that would generate immediate passive income.
The criteria were precise: a renovated historical building, prime central location, architectural value and long-term liquidity.
Mercury Group broker Ilona conducted a targeted search, analyzed both listed and off-market opportunities, led negotiations and managed the transaction predominantly remotely. Online viewings were arranged, while both parties travelled to Latvia only for the key stages of the acquisition.
The selected apartment in Elizabetes Rezidence offered a decisive advantage - it was acquired with an existing long-term tenant in place. No vacancy risk, no preparation period, passive rental income from day one.
At Mercury Group, every search begins with the client’s objective - whether the priority is passive income, capital preservation, relocation, lifestyle or residency through investment.
For those seeking a property aligned not simply with preference, but with strategy, discretion and long-term value - Mercury Group is at your service.
Mercury Group broker, Ilona
