Riga at MIPIM 2025, March 11 - 14

News from MIPIM 2025

MIPIM 2025

MIPIM is the world’s leading real estate forum, providing unique access to global capital and tailored solutions. Here, in-person discussions, seminars, and panel debates offer inspiration and insights into global trends, creating opportunities for experience exchange and fostering business and professional growth. In 2024, the event was attended by more than 20,000 delegates managing approximately 4 trillion euros in assets from 90 countries.

Riga focus at MIPIM 2025 - Ease the Housing squeeze

Riga is rapidly becoming a key hub for innovation and sustainable development. With initiatives like the "Rental Housing for Latvian Professionals" program, the city is addressing the growing demand for high-quality housing and commercial spaces, offering immense growth potential for investors.

About the program "Rental Housing for Latvian Professionals"

Among OECD countries, Latvia has one of the smallest social housing stocks, comprising less than 2% of the total housing inventory, compared to an average of about 7% in other OECD nations.
To address these challenges, the European Investment Bank (EIB), the Latvian Ministry of Finance, and the Latvian State Real Estate Company (SRE) have partnered with 18 municipalities to increase the availability of aordable housing in the country.
The "Rental Housing for Latvian Professionals" program aims to provide modern, energy-e cient, and aordable apartments for professionals and their families working in nationally and regionally essential sectors, such as education, emergency services, law enforcement, the military, and public administration.
The project targets the construction of up to 2,260 apartments, including 1,000 units in Riga, the capital city. The approach will be one of bundling the units with each bundle to be procured under availability payment based PPP framework with a target of ca. 1000 units and ca. 100-125 MEUR CAPEX for each bundle.
The project will be implemented under a "design-build-finance-maintain-operate by private partner" model. Starting in 2030, public sector availability payments will be incorporated into state and local government budgets, ensuring housing accessibility for residents upon completion of the construction phase.

Fredis Bikovs, Director of the Riga Investment and Tourism Agency, emphasizes in an interview for the REAL FDI March/April issue "FDI CEO Outlook 2025":

Real estate is at the heart of everything – whether we’re bringing in new companies or growing our startup ecosystem, we need to provide spaces for people to live and work. As Riga’s investment landscape evolves, partnerships between the public and private sectors will be key to unlocking the city’s full potential.

READ THE ENTIRE INTERVIEW about Riga's offering at this year's MIPIM, the real estate industry in Riga, and other current events.

ACTIVITY PLAN AT STAND STAND R7.D5

MIPIM 2025 BROCHURE RIGA ECONOMIC PROFILE 2025