New apartment at an affordable price – with a down payment from just € 7,750!

Did you know that you may only need savings of less than € 10,000 to buy a brand-new, fully equipped apartment in one of Pillar’s new projects?

Very often, the decision to buy a home in a new project is postponed due to insufficient savings – both for the initial down payment and to cover the costs of furnishing the new home, which can often amount to tens of thousands of Euros.

An accessible solution for purchasing your own home

With the market's needs in mind, Pillar has prepared an offer that allows many young families to purchase a new home in a modern project without requiring significant funds for the down payment or furnishings. Here is a comparison of the savings needed to buy and furnish a three-room apartment in a new project in Riga, versus the cost if the apartment is purchased in a Pillar project:

For comparison, when buying a fully equipped three-room apartment in the new Pillar project Dreiliņu priedes at Ē. Valtera Street 1B, significantly less savings are needed:

Comparing the two examples, it is clear that buying a fully furnished apartment in a Pillar project requires three times less savings, and you can move in immediately after receiving the keys. All built-in elements are already installed – there is no need to wait 2–3 months for measurements, design, production, and installation of the furnishings.

Why are Pillar projects better than others?

• Minimal down payment – with Altum guarantee only 5% of the apartment price, without Altum – 10%;
• Fully furnished apartment – furnishings are included in the price, saving you more than € 15,000! The price includes a kitchen with appliances, built-in furniture, towel rail, mirror and vanity in the bathroom, washing machine, WC accessories, lighting in all rooms, and curtains;
• Low monthly mortgage payment – the monthly payment for a furnished 3-room apartment is € 633/month*;
• Cheaper than renting – rent for a comparable apartment in a new development would be around € 800/month;
• Low utility costs – thanks to energy-efficient construction, heating in Pillar projects does not exceed € 0.50/m², allowing part of the savings on utilities to go towards the mortgage;
• No extra costs for state duty – Pillar covers the duty on behalf of the client;
• Option to reserve the apartment for up to 6 months, if you need time to sell your current home.

Stability and a long-term investment

When renting a flat, you're paying for someone else’s property. By buying your own, you build capital and secure financial stability. Over time, the value of real estate increases, making your investment more valuable. That means now is the right time to invest in your new home.

Explore other Pillar offers!

Find out more about fully furnished apartments in the Pillar Dreiliņu priedesproject and explore other new projects and special offers from Pillar!

*Calculation based on an apartment price of € 151,000, down payment 10%, loan term 30 years, interest rate: 1.4% bank margin + 2.39% 6-month EURIBOR.