Housing Index in Latvia increased to 210.21 points in the second quarter of 2025 from 203.64 points in the first quarter of 2025. This dataset provides - Latvia House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Real Residential Property Prices for Latvia (QLVR628BIS) from Q1 2006 to Q2 2025 about Latvia, residential, HPI, housing, real, price index, indexes, and price.

Key information about House Prices Growth

• Latvia house prices grew 6.7% YoY in Jun 2025, following an increase of 5.4% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2007 to Jun 2025, with an average growth rate of 7.1%.
• House price data reached an all-time high of 49.6% in Mar 2007 and a record low of -42.3% in Jun 2009.

Residential Property Prices in Latvia increased 6.74 percent in June of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Latvia Residential Property Prices.

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, notably rising interest rates, spiralling inflation and muted economic growth. Revenue is projected to sink at a compound annual rate of 0.6% over the five years through 2025, including an estimated jump of 1.2% in 2025 to €207.6 billion, while the average industry profit margin is forecast to reach 35.1%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing over the two years through 2023. In residential markets, elevated mortgage rates combined with tightening credit conditions eventually ate into demand, inciting a drop in house prices. Rental markets performed well when house prices were elevated (2021-2023), being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent prices to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. However, this has started to turn around in 2025 as interest rates have been falling across Europe in the two years through 2025, reducing borrowing costs for buyers and boosting property transactions. This has helped revenue to rebound slightly in 2025 as estate agents earn commission from property transactions. Revenue is forecast to swell at a compound annual rate of 3.7% over the five years through 2030 to €249.5 billion. Housing prices are recovering in 2025 as fixed-rate mortgages begin to drop and economic uncertainty subsides, aiding revenue growth in the short term. Over the coming years, PropTech—technology-driven innovations designed to improve and streamline the real estate industry—will force estate agents to adapt, shaking up the traditional real estate sector. A notable application of PropTech is the use of AI and data analytics to predict a home’s future value and speed up the process of retrofitting properties to become more sustainable.

Latvia House Prices: YoY: Dwellings: New data was reported at 8.200 % in Jun 2018. This records a decrease from the previous number of 14.600 % for Mar 2018. Latvia House Prices: YoY: Dwellings: New data is updated quarterly, averaging 8.300 % from Mar 2007 (Median) to Jun 2018, with 46 observations. The data reached an all-time high of 56.200 % in Sep 2011 and a record low of -47.300 % in Jun 2009. Latvia House Prices: YoY: Dwellings: New data remains active status in CEIC and is reported by Central Statistical Bureau of Latvia. The data is categorized under Global Database’s Latvia – Table LV.P002: House Prices: YoY.

Latvia - Housing cost overburden rate: Tenant, rent at market price was 16.00% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Latvia - Housing cost overburden rate: Tenant, rent at market price - last updated from the EUROSTAT on December of 2025. Historically, Latvia - Housing cost overburden rate: Tenant, rent at market price reached a record high of 19.40% in December of 2023 and a record low of 8.30% in December of 2019.

The reports are updated once a month, taking into account the current market information collected in the database, which is updated daily. Each report is offered for three different time periods — annual, half-year and quarter. The choice of “year” means that the report is presented for the previous two full years, for the “half year” for the two previous half-years and for the previous two quarters. The years change on 1 February, half-years change on 1 February and 1 August, and quarters on 1 February, 1 May, 1 August and 1 November. _ The statistical indicators of the Latvian real estate market are composed of:_ * Apartment transaction prices; * Transaction prices of individual residential houses; * Individual building land transaction prices; * Commercial building land transaction prices; * Prices of industrial enterprises building land transactions; * Agricultural land transaction prices; * Forestry land transaction prices; * Breakdown of transactions by purpose of real estate use of the transaction object; * Breakdown of transactions by transaction object. Statistic indicators: * Number of transactions used; * Minimum value; * Maximum value; * Average value; * Cut-off mean (5 %); * Cut-off mean (10 %); * Moda (adjusted the most common value based on the breakdown of data in intervals and frequencies within the specified intervals); * Median; * Price level. _Data sets with the breakdown of transactions by transaction object NIP and the breakdown of transactions by object of the transaction _ are reflected in one of the statistical indicators (the title specifies which): * Number of transactions; * Total land area; * Total amount of transactions. Projects of transactions: * Apartments; * Buildings; * Buildings and engineering structures; * Engineering structures; * Groups of premises; * Land; * Land with buildings; * Land with buildings and engineering structures; * Land with engineering structures. The tables show only areas where the number of transactions to be used to determine values is at least three. Published data are informative in nature and are produced automatically without manual transaction analysis. The SLS assumes no legal or financial responsibility for the consequences of using the published information and making the relevant conclusions. All transaction amounts and prices are in EUR. Information on the possibility to obtain data on real estate market transactions and transaction objects is available on the VZD website.

View quarterly updates and historical trends for Latvia House Price Index. Source: Eurostat. Track economic data with YCharts analytics.

This data set represents real estate market announcements monitoring data in Latvia in 2023. The data was collected from online ads site ss.com. The database contains 209,9 thousand ads and consists of 24 groups of data (type of deal, price, characteristics and address of real estate, etc.). The data reflects the dynamics of price changes by months (at the beginning of the month) in 2023. Monitoring continued in 2023 was started in 2018. In 2023 the new impuls of data application was found. It is associated with the possibility of planning the urban environment taking into account the transition of transport to environment friendly fuel types.

Comprehensive real estate market data and investment metrics for Latvia

Real residential property prices Y-on-Y, percent change in Latvia, June, 2025 The most recent value is 2.87 percent as of Q2 2025, an increase compared to the previous value of 2.02 percent. Historically, the average for Latvia from Q1 2007 to Q2 2025 is 0.76 percent. The minimum of -44.86 percent was recorded in Q2 2009, while the maximum of 39 percent was reached in Q1 2007. | TheGlobalEconomy.com

Latvia - Severe housing deprivation rate: Tenant, rent at market price was 15.30% in December of 2023, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Latvia - Severe housing deprivation rate: Tenant, rent at market price - last updated from the EUROSTAT on November of 2025. Historically, Latvia - Severe housing deprivation rate: Tenant, rent at market price reached a record high of 40.00% in December of 2007 and a record low of 15.30% in December of 2023.

Building contractors and developers depend on various socio-economic factors, including property values, underlying sentiment in the housing market, the degree of optimism among downstream businesses and credit conditions. All of these drivers typically track in line with economic sentiment, with recent economic shocks spurring a difficult period for building contractors and developers. Nonetheless, the enduring need for building services, particularly to tackle housing shortages across the continent, ensures a strong foundation of work. Revenue is forecast to grow at a compound annual rate of 2.3% to reach €1.3 trillion over the five years through 2025. Operational and supply chain disruption caused by the pandemic reversed the fortunes of building contractors and developers in 2020, as on-site activity tumbled and downstream clients either cancelled, froze or scaled back investment plans. Aided by the release of pent-up demand and supportive government policy, building construction output rebounded in 2021. Excess demand for key raw materials led to extended lead times during this period, while input costs recorded a further surge as a result of the effects of rapidly climbing energy prices following Russia’s invasion of Ukraine. Soaring construction costs and the impact of interest rate hikes on both the housing market and investor sentiment led to a renewed slowdown in building construction activity across the continent. However, falling inflation and the start of an interest rate cutting cycle have spurred signs of a recovery in new work volumes, supporting anticipated revenue growth of 2.3% in 2025. Revenue is forecast to increase at a compound annual rate of 6.7% to €1.7 trillion over the five years through 2030. Activity is set to remain sluggish in the medium term, as weak economic growth and uncertainty surrounding the impact of the volatile global tariff environment on inflation and borrowing costs continue to weigh on investor sentiment. Contractors and developers will increasingly rely on public sector support, including measures to boost the supply of new housing, as countries seek to tackle severe housing shortages. Meanwhile, the introduction of more stringent sustainability requirements will drive demand for energy retrofits.

Latvia Real Estate Software Market is expected to grow during 2025-2031

Graph and download economic data for Harmonized Index of Consumer Prices: Actual Rentals for Housing for Latvia (CP0410LVM086NEST) from Jan 1996 to Oct 2025 about Latvia, rent, harmonized, CPI, housing, price index, indexes, and price.

Latvia - Harmonised index of consumer prices (HICP): Actual rentals for housing was 131.58 points in September of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Latvia - Harmonised index of consumer prices (HICP): Actual rentals for housing - last updated from the EUROSTAT on October of 2025. Historically, Latvia - Harmonised index of consumer prices (HICP): Actual rentals for housing reached a record high of 132.13 points in August of 2025 and a record low of 25.92 points in May of 1996.

Latvia is fast emerging as a Baltic startup hub, fuelled by the favorable business conditions, low tariff rates and rising investments. This has augured well for its rental and operating of own or leased real estate market, with revenues witnessing a rise from 817 million U.S. dollars in 2011 to 1.1 billion U.S. dollars in 2019. In fact, most of the consumers are increasingly looking to rent rather than buy properties, owing to the high prices of residential and commercial properties. This is one of the main reasons the buying and selling of own real estate market has been declining in the country. As of 2018, the average monthly rental cost for apartments in the capital city of Riga amounted 862 U.S. dollars, amongst the lowest in the EU. Hotels starting to feel the pinch With companies such as Airbnb continuing to expand, Hotels in Latvia are starting to feel the effect. As per details from Lsm.lv, the online marketplace company offers apartments in the capital city of Riga for as much as 12 euros per night, which has led to a surge in demand over the years.

Latvia - Harmonised index of consumer prices (HICP): Services related to housing was 165.10 points in September of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Latvia - Harmonised index of consumer prices (HICP): Services related to housing - last updated from the EUROSTAT on November of 2025. Historically, Latvia - Harmonised index of consumer prices (HICP): Services related to housing reached a record high of 165.10 points in September of 2025 and a record low of 39.38 points in December of 1997.

Housing or Camping Trailers Market Size Value in Latvia, 2021 Discover more data with ReportLinker!