We have just listed a new 2-room rental apartment in a recently renovated residential reconstruction project Hoffman Rezidence, located in Riga, Latvia. The offering is a cozy, fully equipped 1-bedroom, 1-bathroom apartment with an open-concept kitchen and living room, perfect for short stays and extended getaways.
The funding will be raised in four batches, each having a 30-day subscription period. Upon completion of the first batch, the corresponding securities will be issued, and the next batch will start. After the successful first listing, we have decided to split the further listings into smaller batches to shorten the funding period so that your funds start earning returns even faster. A 5% cashback bonus is offered to any investment in RE Securities.
Status: Rented out with an average occupancy of 74% during the past 30 days. The apartment is available for reservations on Airbnb and Booking.com.
Expected annual return: 5-7%
Find out more details about the property here.
Photos of the property that is currently available for investment
Short-term rentals have historically shown higher returns, and the market is growing as travel patterns change and more people choose to stay in rental apartments. For instance, platforms such as Airbnb have enabled short-term rental owners to earn over $150 billion in rental income, with a 43.8% increase in annual earnings for hosts since the beginning of 2021.
According to the latest data from the Central Statistical Bureau (CBS) and the statistical office of the EU Eurostat, 1.1. million guest nights were spent in Latvia in 2022, which were offered via one of the four short-stay accommodation platforms – Booking, Airbnb, Expedia, and Tripadvisor. That is 52.1% more than in 2021[1].
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[1] The number of guest nights in Latvia booked via Booking, Airbnb, Expedia and Tripadvisor has risen by 52 % in 2022 | Oficiālās statistikas portāls
