Kivi Real Estate

What Kivi Real Estate does

Kivi Real Estate is a Latvian real estate brokerage firm operating as a private limited liability company (SIA, registration 40103246260) headquartered at Tērbatas iela 5-4 in Riga. Founded around 2009, the firm has been active in the local property market for over 15 years and serves both residential and commercial segments across Riga, Pierīga, and Jūrmala. Its core offerings are brokerage services for the sale, purchase, and rental of apartments, houses, land, offices, retail spaces, warehouses, and shopping centres, supplemented by a niche Golden Visa / residence permit service for non-EU foreign investors making qualifying property acquisitions of at least 250,000 EUR.

The firm operates on a pure commission-based, success-fee revenue model: 3-5% of the final sale price for residential property transactions, one month's rent plus VAT for long-term rentals, and individually negotiated (and often lower) rates for high-value commercial and short-term rental deals. It runs a multilingual property-listing website in Latvian, English, and Russian, supported by email newsletter, Facebook, and major Latvian property portals for lead generation; no proprietary AI/ML or advanced technology platform is disclosed. Its go-to-market is sales-led, executed through a small team of named property consultants (Kristīne Niedre for commercial, Roberts Uģis, Sanda Jaunzeme, Elīna Dūmiņa for residential), with referral and co-marketing partnerships anchored to all four major Latvian retail banks (Swedbank, SEB, Citadele, Luminor) and developer mandates such as YIT Latvija's Grafīts project.

Customer segmentation is hybrid and fragmented: private residential owners and buyers are the SMB/individual long tail; companies, institutions, and property developers (including Grafīts and Amber Park) form the enterprise tier; and international investors using the Golden Visa pathway form a regulated, high-ticket vertical. Marketing channels span content and SEO via the company website, peer-review signals on Google (4.9/5) and Facebook (5.0/5), email newsletter, and third-party property portals. Customer concentration risk is low given the transaction-based model, and the firm reports no venture capital, no funding rounds, no acquisitions, and no disclosed leadership changes.

Name

Kivi Real Estate

Legal name

Kivi Real Estate

Website

https://kivi.lv

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Kivi Real Estate is a Riga-based Latvian real estate brokerage serving residential and commercial clients across Riga, Pierīga, and Jūrmala. It earns transaction-based commissions on property sales and rentals and additionally offers Golden Visa residence-permit services to non-EU foreign investors.

Ownership category

akta.pro rank

Product category

Real Estate Brokerage

NAICS

Offices of Real Estate Agents and Brokers (5312), Rental and Leasing Services (532)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Traditional Residential Brokerage (Existing Homes) (BPAJAAAA)

akta.pro secondary industries

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB), Multifamily Brokerage (BPAJABAD)

Keywords

• Residential real estate brokerage
• Commercial real estate services
• Property sales
• Rental services
• Residence permit assistance

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Property Sales Commission: Commission-based revenue from residential and commercial property sales. Commission is calculated as a percentage of the final sale price (3-5% range), with higher commissions for more complex or higher-value properties.
2. Property Rental Commission: Commission from rental transactions. For long-term rentals, standard commission is one month's rent plus VAT. For commercial spaces, the same structure applies (one month's rent plus VAT).

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Kivi Real Estate is a Latvian real estate brokerage that buys, sells, and rents residential properties (apartments, houses, land) and commercial properties (offices, retail, warehouses) primarily in Riga, Pierīga, and Jūrmala. The firm also represents new residential development projects and assists foreign nationals with temporary residence permit (Golden Visa) applications tied to qualifying real estate investments.

Product overview

Kivi Real Estate operates as a real estate brokerage platform offering both commercial and residential property services. The core offerings include property buying, selling, and rental services for apartments, houses, land, offices, retail spaces, warehouses, and industrial objects across Latvia, with specialization in Riga and Pieriga markets. The platform features property listings with detailed search capabilities, professional property valuation and marketing services, and transaction support including legal documentation. Additional services include Golden Visa/residence permit assistance for foreign investors, and brokerage commission management. The company partners with YIT Latvija for new development projects and major Latvian banks for mortgage financing. Featured development projects include Grafīts (Bieriņi), Amber Park (Jūrmala Dzintari), and Alauksta iela 13 rental complex.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Property Brokerage

Quantifiable outcome

• Average apartment selling time in Riga: 3-6 months depending on property price, location, and market demand

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor.

• Seven (7re.eu)minorStrategic or Co-development PartnerEstonian real estate partner enabling cross-border collaboration and referrals for clients seeking properties in Estonia.
• CREalty advisorsminorStrategic or Co-development PartnerLithuanian real estate advisory partner facilitating cross-border property investments and referrals between Latvia and Lithuania.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Arco Real Estate: Arco Real Estate operates as a Latvian real estate agency covering residential and commercial property transactions across Riga. Comparable mid-sized local brokerage competing in the same sub-segments as Kivi.
• RE/MAX Latvia: RE/MAX Latvia operates as a franchise of the global RE/MAX network, providing residential and commercial brokerage across Latvia. Competes head-to-head with Kivi in Riga for agents, listings, and buyer mandates, with stronger brand but less local specialization.
• Coldwell Banker Latvia: Coldwell Banker Latvia is a global real estate franchise operating in the Latvian market, particularly active in Riga luxury and international-buyer segments. Directly comparable to Kivi on premium residential and foreign-investor services.
• Latio: Latio is one of the largest established Latvian real estate brokerages, offering residential and commercial brokerage across Riga and Latvia. Directly comparable in geography, service mix (sales and rentals), and customer base to Kivi.
• Century 21 Latvia: Century 21 Latvia is a global franchise operating brokerage services across Latvia. Direct competitor in residential and commercial segments, with brand-recognition advantage offset by similar local execution model.
• Ober-Haus: Ober-Haus is a pan-Baltic real estate services firm with deep operations in Latvia, covering residential, commercial, and investment brokerage as well as valuation. Closest competitor to Kivi on commercial and investment advisory scope.
• City Real Estate: City Real Estate is a Riga-based brokerage focused on residential sales, rentals, and new developments. Comparable scale, services, and Riga-centric footprint to Kivi.

Others

• YIT Latvija: YIT Latvija is the Latvian subsidiary of Finnish developer YIT and a development partner of Kivi Real Estate on projects such as Grafīts and Amber Park. Not a direct competitor; included as an ecosystem participant shaping Kivi's new-development mandate pipeline.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/kivi_realestate
• Facebookfacebook.com/KiviRealEstate
• LinkedInlinkedin.com/company/kivi-real-eatate

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kivi Real Estate