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.

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.

The revenues of the buying and selling of own real estate sector in Latvia are projected to decline from 275 million U.S. dollars in 2015 to 189 million U.S. dollars by 2023. This can be attributed to the high prices of residential and commercial properties, which have resulted in weak demand. In fact, the house price index has been rising steadily and stood at 130 index points in the quarter ending June 2018, much higher as compared to the European average. As a result, consumers are increasingly turning towards rental properties, which is one of the main reasons the revenues of the rental and operating of own or leased real estate sector are projected to grow 55 percent between 2010-2022. In 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. With the outbreak of the corona virus, housing sales are projected to decline further in the short to medium term, as consumers are expected to curtail their discretionary spending.

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 Real(GDP) Gross Domestic ProductIndex: CL 2010p: GVA: NACE 2 Real Estate data was reported at 105.500 Same Qtr PY=100 in Mar 2018. This records an increase from the previous number of 97.600 Same Qtr PY=100 for Dec 2017. Latvia Real(GDP) Gross Domestic ProductIndex: CL 2010p: GVA: NACE 2 Real Estate data is updated quarterly, averaging 103.200 Same Qtr PY=100 from Mar 1996 (Median) to Mar 2018, with 89 observations. The data reached an all-time high of 140.600 Same Qtr PY=100 in Dec 2009 and a record low of 73.800 Same Qtr PY=100 in Dec 2002. Latvia Real(GDP) Gross Domestic ProductIndex: CL 2010p: GVA: NACE 2 Real Estate 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.A018: ESA 2010: GDP Index: by Industry: Chain Linked 2010 Price: Same Quarter Previous Year=100.

房价：同比：住宅：现存在06-01-2018达8.800%，相较于03-01-2018的10.800%有所下降。房价：同比：住宅：现存数据按季更新，03-01-2007至06-01-2018期间平均值为6.800%，共46份观测结果。该数据的历史最高值出现于03-01-2007，达53.300%，而历史最低值则出现于06-01-2009，为-41.100%。CEIC提供的房价：同比：住宅：现存数据处于定期更新的状态，数据来源于Latvijas Statistika，数据归类于全球数据库的拉脱维亚 – 表 LV.E009：房价：同比。