Real estate company IMMOSTATE strengthens its market position by joining the brands

Real estate company IMMOSTATE shall from now on operate as a full-service company by joining the commercial property company IMMOSTATE Commercial and housing brokerage company IMMOSTATE Home. From now on, the joint company will provide all the real estate representation, evaluation, and management services to both individuals and corporate clients in both residential and commercial property segments.

Real estate news

Brand IMMOSTATE exists since 2004, and during its first years of activity was known as one of the leading companies within development and materialisation of the new projects. Since its establishment, IMMOSTATE has provided consulting, replanning and materialisation services to more than 20 new projects with the total area exceeding 200,000 square meters, including the following properties: Centra Nams, Ausekļa 4, Teātra 4, Vīlandes 8, Parkside, Fitinghofa Nams, Vidus 5, office building Jupiter Centre, hotels Jomas Sēta and Astor Riga, etc.

It must be added that establishment of the leading premium segment real estate company in the Baltic region Baltic Sotheby’s International Realty in 2010 is in part related to IMMOSTATE separating the premium segment real estate department and transforming the operation of IMMOSTATE into commercial property segment, as well as creation of budget class housing brand IMMOSTATE Home.

"The brand IMMOSTATE is well-known in the Latvian real estate market for its long-term experience and respectable traditions based on a professional representation of clients’ interests and secure transactions providing clients with truthful information on the risks and benefits of the relevant transactions, thus building long-term relationships and trust. Today, the company is positioning itself as a full-service real estate company providing with budget and medium class housing sales and rental services, commercial property transactions, investment project options, as well as certified evaluation and property management services. By introducing various improvements, including creating a new website, efficient data base and implementing customer service technologies, IMMOSTATE has established convenient and secure customer service, both for private and business necessities," says Aigars Strods, Residential Department Manager at IMMOSTATE.

Irina Sjarki, Executive Director of the Latvian Real Estate Association (LANĪDA): "In accordance with the latest available data from the Central Bureau of Statistics, in 2015, there were almost 13,000 undertakings operating in Latvia and indicating real estate transactions as their area of activity. This is a significant number and indicates a sufficiently harsh competition in the branch. Therefore, we as an umbrella organisation for the professionals are excited that one of our members — IMMOSTATE — is strengthening its capacity, and will be able to provide its clients with professional full-range real estate services in conformity with the high-quality standards. Moreover, it must be noted that IMMOSTATE employees have obtained real estate agent certificates issued by our Association, additionally reassuring the clients of safety and professionalism of services hat company renders."

The website of — has undergone a significant improvement in order to provide clients with a convenient, functional database in compliance with the latest technological requirements and containing approximately 1,000 real estate titles. The certified IMMOSTATE employees will be able to assist with information on buying or rental, as well as the necessary advice on any of these ensuring a secure and high-quality level of service. By using universal search criteria one can easily and conveniently look up in the website the existing real estate offer, find out property prices, where and what type of properties are available, as well as expert advice on buying and selling a property, required documentation, state duties, etc.

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