Housing Index in Latvia increased to 204.29 points in the first quarter of 2025 from 201.90 points in the fourth quarter of 2024. 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 Q1 2025 about Latvia, residential, HPI, housing, real, price index, indexes, and price.

Key information about House Prices Growth

• Latvia house prices grew 17.3% YoY in Mar 2022, following an increase of 16.1% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2007 to Mar 2022, with an average growth rate of 7.8%.
• House price data reached an all-time high of 49.6% in Mar 2007 and a record low of -42.3% in Jun 2009.

The Direct Real Estate Activities industry have come up against numerous headwinds in recent years, ranging from the COVID-19 outbreak in 2020 to the high base rate environment in the years since, which has inflated borrowing costs for potential buyers. This is a sharp contrast to the ultra-low interest environment seen over the decade following the 2008 financial crisis. Still, revenue is forecast to edge upwards at a compound annual rate of 0.6% over the five years through 2025 to €622.9 billion, including an anticipated rise of 0.8% in 2025. Despite weak revenue growth, profitability remains strong, with the average industry profit margin standing at an estimated 18.9% in 2025. Central banks across Europe adopted aggressive monetary policy in the two years through 2023 in an effort to curb spiralling inflation. This ratcheted up borrowing costs and hit the real estate sector. In the residential property market, mortgage rates picked up and hit housing transaction levels. However, the level of mortgage rate hikes has varied across Europe, with the UK experiencing the largest rise, meaning the dent to UK real estate demand was more pronounced. Commercial real estate has also struggled due to inflationary pressures, supply chain disruptions and rising rates. Alongside this, the market’s stock of office space isn’t able to satisfy business demand, with companies placing a greater emphasis on high-quality space and environmental impact. Properties in many areas haven't been suitable due to their lack of green credentials. Nevertheless, things are looking up, as interest rates have been falling across Europe over the two years through 2025, reducing borrowing costs and boosting the number of property transactions, which is aiding revenue growth for estate agents. Revenue is slated to grow at a compound annual rate of 4.5% over the five years through 2030 to €777.6 billion. Economic conditions are set to improve in the short term, which will boost consumer and business confidence, ramping up the number of property transactions in both the residential and commercial real estate markets. However, estate agents may look to adjust their offerings to align with the data centre boom to soak up the demand from this market, while also adhering to sustainability commitments.

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.

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.

In the cadastre information system, for the purposes of cadastral valuation, the SLS maintains the Real Estate Market Database, which is larger in Latvia. Transactions with real estate, which are registered in the State Unified Computerised Land Register, are accumulated in the database. Real estate market data are published as denormalised text data (*.csv and *xlsx format files) containing information on real estate transactions registered in the Real Estate Market Information System from 2012 onwards. Data are updated once a month, on the 10th day of the calendar month (or on the next working day if it falls on a public day or a holiday More information about the opening of the Real Estate Market Database is available on the VZD website: https://www.vzd.gov.lv/lv/NITIS-datu-atversana

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.

This data set represents real estate market monitoring data in Latvia in 2018. The data was collected from online ads site ss.lv. The database contains 238 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 2018.

Over the past few years, real estate activities, especially in the rental and operating of own or leased real estate market have witnessed a rise in Latvia, owing to the low rental costs for apartments, which at 862 U.S. dollars per month are amongst the least in Europe. The office real estate market is also going strong, with eight new office projects completed in Riga in 2019 and six more scheduled for the financial year 2020-2021.This has augured well for the real estate agencies and related services, with revenues projected to increase from 308 million U.S. dollars in 2011 to 375 million U.S. dollars by 2020. The Ober-Haus Real Estate Advisors is one of the largest real estate agency operating not only in Latvia, but across the Baltic region. However, the agencies are set to face stiff competition in the short to medium term, with the growth in various desktop and mobile apps that enable buyers to connect directly. This is one of the main reasons the market is falling in countries such as Italy and Poland.

In the cadastre information system, for the purposes of cadastral evaluation, the SLS maintains the Real Estate Market Database, which is the largest in Latvia. The database accumulates transactions with real estate registered in the State Unified Computerised Land Register. Real estate market data on real estate transactions consisting of groups of premises or apartment properties are published as denormalized text data (.csv files) containing information on real estate transactions registered in the database during the last ten years. Data are updated once a month, on the 10th day of the calendar month (or on the next business day if it falls on a public holiday or holiday). The data specification is available here. More detailed information on the open data of the Real Estate Market Database is available on the SLS website.

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.

The financial crisis of 2008 has caused a number of changes in the investment of both companies and individuals. One of the widely invested assets became the real estate market. The decline in real estate prices was noted in 2009 and 2012-2014. The highest decrease in property prices was indicated in Bulgaria, Ireland, Lithuania, Latvia, Slovakia and Estonia. Property prices, despite the crisis, increased however in Belgium and Germany. On average, property prices in the EU declined by 4.4% in 2009, 1.9% in 2012 and 1.2% in 2013.

The Latvia facility management market is projected to grow from XX million in 2025 to XX million by 2033, at a CAGR of 2.50% during the forecast period. The market growth is attributed to the increasing demand for outsourced facility management services from various industries such as commercial, institutional, public/infrastructure, industrial, and others. The market growth is also driven by the increasing need for efficient and cost-effective facility management solutions, as well as the adoption of advanced technologies and innovations. Major trends in the Latvia facility management market include the adoption of smart building technologies, the increasing demand for sustainability and green initiatives, and the growing popularity of integrated facility management services. Key drivers of the market include the increasing number of commercial buildings, the expanding public infrastructure, and the rising need for efficient and cost-effective facility management services. However, the market growth is restrained by the shortage of skilled labor, the high cost of implementing new technologies, and the economic slowdown caused by the COVID-19 pandemic. Recent developments include: March 2022 - HAGBERG announced that it is collaborating with the operator Green Belt to expand the availability of battery sorting terminals in residential buildings in response to rising demand among apartment residents for waste sorting alternatives and processes., December 2021 - Civinity acquires the "Inservis" organization, run by "Invalda INVL." One of the significant asset management groups in the Baltics.. Key drivers for this market are: Telecommunication and High-Speed Data Transmission Network is Expected to Witness Significant Growth., Renewed Emphasis on Workplace Optimization and Productivity. Potential restraints include: Limited content and cost efficiency of consumer-grade applications, Dependence on external factors, such as bandwidth and network, for ensuring optimal experience. Notable trends are: Real Estate to hold significant share in the market.

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.

Techsalerator's Corporate Actions Dataset in Latvia offers a comprehensive collection of data fields related to corporate actions, providing valuable insights for investors, traders, and financial institutions. This dataset includes crucial information about the various financial instruments of all 34 companies traded on the Nasdaq Baltic Riga (XRIS).

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Top 5 used data fields in the Corporate Actions Dataset for Latvia:

• Dividend Declaration Date: The date on which a company's board of directors announces the dividend payout to its shareholders. This information is crucial for investors who rely on dividends as a source of income.

• Stock Split Ratio: The ratio by which a company's shares are split to increase liquidity and affordability. This field is essential for understanding changes in share structure.

• Merger Announcement Date: The date on which a company officially announces its intention to merge with another entity. This field is crucial for investors assessing the impact of potential mergers on their investments.

• Rights Issue Record Date: The date on which shareholders must be on the company's books to be eligible for participating in a rights issue. This data helps investors plan their participation in fundraising events.

• Bonus Issue Ex-Date: The date on which a company's shares start trading without the value of the bonus issue. This information is vital for investors to adjust their portfolios accordingly.

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Top 5 corporate actions in Latvia:

Mergers and Acquisitions (M&A): Mergers, acquisitions, and corporate restructurings are significant in Latvia, impacting various industries and contributing to market changes.

Dividend Declarations: Latvian companies often declare dividends to distribute profits to shareholders. Dividend announcements can influence stock prices and investor sentiment.

Technology and IT Industry Developments: Latvia has a growing technology and IT sector. Corporate actions related to startups, innovation, and digital transformation initiatives can be notable.

Real Estate and Construction Projects: Real estate and construction activities are essential for Latvia's economic growth. Corporate actions related to real estate developments, property sales, and infrastructure projects are prominent.

Energy and Environment Initiatives: Like many European countries, Latvia is focused on sustainable energy and environmental protection. Corporate actions in renewable energy, green technologies, and environmental policies are significant.

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Top 5 financial instruments with corporate action Data in Latvia

Riga Stock Exchange Domestic Company Index: The main index that tracks the performance of domestic companies listed on the Riga Stock Exchange. This index would provide insights into the performance of the Latvian stock market.

Riga Stock Exchange Foreign Company Index: The index that tracks the performance of foreign companies listed on the Riga Stock Exchange, if foreign listings were present. This index would give an overview of foreign business involvement in the Latvian market.

BalticGrocers: A Latvia-based supermarket chain with operations in multiple regions. BalticGrocers focuses on providing high-quality products and convenience to consumers across Latvia.

BalticFinance Group: A financial services provider in Latvia with a focus on inclusive finance, offering banking and financial solutions to individuals and businesses across the country.

BalticSeed Co: A leading producer and distributor of certified crop seeds in various regions of Latvia, contributing to the country's agriculture and food production.

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If you're interested in accessing Techsalerator's End-of-Day Pricing Data for Latvia, please contact info@techsalerator.com with your specific requirements. Techsalerator will provide you with a customized quote based on the number of data fields and records you need. The dataset can be delivered within 24 hours, and ongoing access options can be discussed if needed.

Latvia Foreign Direct Investment Position: Inward: % of Total (FDI) Foreign Direct Investment: Total: Real Estate Activities data was reported at 13.448 % in 2023. This records a decrease from the previous number of 14.243 % for 2022. Latvia Foreign Direct Investment Position: Inward: % of Total (FDI) Foreign Direct Investment: Total: Real Estate Activities data is updated yearly, averaging 13.448 % from Dec 2005 (Median) to 2023, with 19 observations. The data reached an all-time high of 16.822 % in 2019 and a record low of 6.708 % in 2005. Latvia Foreign Direct Investment Position: Inward: % of Total (FDI) Foreign Direct Investment: Total: Real Estate Activities data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Latvia – Table LV.OECD.FDI: Foreign Direct Investment: % of Total FDI: by Industry: OECD Member: Annual. Reverse investment: Netting of reverse investment in equity (when a direct investment enterprise acquires less than 10% equity ownership in its parent) and reverse investment in debt (when a direct investment enterprise extends a loan to its parent) is applied in the recording of total inward and outward FDI transactions and positions. Treatment of debt FDI transactions and positions between fellow enterprises: directional basis according to the residency of the ultimate controlling parent (extended directional principle). Resident Special Purpose Entities (SPEs) do not exist or are not significant and are recorded as zero in the FDI database. Valuation method used for listed inward equity positions: Market value. Valuation method used for listed outward equity positions: Own funds at book value. Valuation method used for unlisted inward and outward equity positions: Own funds at book value. Valuation method used for inward and outward debt positions: Nominal value.; FDI statistics are available by geographic allocation, vis-à-vis single partner countries worldwide and geographical and economic zones aggregates. Partner country allocation can be subject to confidentiality restrictions. Geographic allocation of inward and outward FDI transactions and positions is according to the immediate counterparty. Intercompany debt between related financial intermediaries, including permanent debt, are excluded from FDI transactions and positions. Direct investment relationships are identified according to the criteria of the Framework for Direct Investment Relationships (FDIR) method. Debt between fellow enterprises are completely covered. Collective investment institutions are not covered as direct investment enterprises. FDI statistics are available by industry sectors according to ISIC4 classification. Industry sector allocation can be subject to confidentiality restrictions. Inward FDI transactions and positions are allocated to the activity of the resident direct investment enterprise. Outward FDI transactions are allocated according to the activity of the non resident direct investment enterprise. Outward FDI positions are allocated according to the activity of the non resident direct investment enterprise. Statistical unit: Enterprise.

In 2023, the housing purchasing power across European real estate markets stood at ** square meters. This means that the average affordable purchase area in these countries was ** square meters. Latvia had the highest housing purchasing power at *** square meters, while Poland had the lowest at only ** square meters.

Latvia Facility Management Market size was valued at USD 150.01 Million in 2024 and is projected to reach USD 182.76 Million by 2032, growing at a CAGR of 2.5% from 2026 to 2032.

Latvia Facility Management Market Drivers

A significant driver is the trend of businesses in Latvia to outsource non-core functions, including facility management, to specialized providers. This allows companies to focus on their primary business activities and improve efficiency.

The development of modern office spaces, retail establishments, and industrial facilities is creating a greater need for professional facility management services. This includes property management, maintenance, and operational support.

Aligned with EU directives, there's a growing focus on energy efficiency and sustainable building practices in Latvia. This drives demand for FM services that can optimize energy consumption and reduce environmental impact.

The adoption of building automation systems, IoT devices, and data analytics is transforming the FM landscape. These technologies enable real-time monitoring, predictive maintenance, and improved operational efficiency.

Revenue is forecast to swell at a compound annual rate of 3.1% over the five years through 2025 to €291.2 billion. Electrical contractors serve the construction sector, so procyclical commercial and residential construction trends influence revenue prospects. Hence, economic uncertainty associated with rampant inflationary pressures and reduced budgets has caused year-on-year revenue volatility for the Electricians industry. Weak economic conditions have restricted the number of new projects coming to fruition, hindering the number of big-ticket tender opportunities available for electricians to bid for and obtain. Businesses have remained cautious amid an uncertain economic outlook, opting to preserve cash and postpone or cancel significant construction projects. Over the two years through 2024, inflationary pressures have persisted and retaliatory increases to the base rate have ballooned the cost of borrowing. Despite public funding and support for new residential properties, a cooling housing market has limited demand from property developers. In 2024, as inflation began to ease, central banks responded by lowering interest rates to support economic growth. This move has encouraged property and commercial building investors to initiate construction and renovation projects, thereby boosting opportunities for electricians to bid for new contracts. Despite ongoing economic uncertainties that continue to challenge revenue prospects, the push for net-zero emissions has significantly bolstered demand for energy-efficient electrical systems. This shift is diversifying and enhancing the demand for new electrical installations. Revenue is expected to climb by 1.2% in 2025. As inflationary pressures subside and business and consumer sentiment rebound, revenue prospects will grow and more large tender opportunities will come to fruition. Businesses will increase spending budgets in line with recovering economic conditions and recovering house prices will spur new opportunities in the residential market, contributing to a recovery in income. Ongoing efforts to achieve carbon neutrality will continue to drive innovation in the industry and prompt electricians to upskill to ensure they can delivery energy-efficient electrical solutions to clients. Revenue is forecast to expand at a compound annual rate of 5.3% over the five years through 2030 to €377.6 billion.