There is a number of ways to distinguish different groups of real estate. One of them is distinguishing according to the factual usage or purpose of the estate. While there is also a legal classification of property according to usage, this article refers to its practical, everyday functions. Considering this, there are three types of real estate:

residential
commercial
industrial

https://propertyguide.lv/en/types/usage/

Latvian real estate plays an important role in attracting foreign residents into the country. In 2010 an immigration programme has been launched, and it allows foreign nationals to purchase real estate in Latvia and receive a temporary residence permit on this basis. Property purchased for this purpose must cost no less than 250 000 EUR with a cadastral value of no less than 80 000 EUR. This purchase can be divided into two properties, both costing 250 000 in total,with the cadastral value of each no less than 40 000 EUR.

https://propertyguide.lv/en/ty....pes/usage/residentia