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.

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.

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.

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

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

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.

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.

Key information about Latvia Gold Production

• Latvia Real Residential Property Price Index was reported at 160.500 2010=100 in Jun 2025.
• This records an increase from the previous number of 158.440 2010=100 for Mar 2025.
• Latvia Real Residential Property Price Index data is updated quarterly, averaging 0.000 2010=100 from Mar 2006 to Jun 2025, with 78 observations.
• Latvia Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

Discover the dynamic Latvia facility management market, projected to reach €61.78 million by 2033 with a 2.5% CAGR. Explore key drivers, trends, and restraints impacting this growing sector, including major players like Elis and Clean House. Get insights into regional market share and future growth potential. 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.

In 2023, the turnover of the real estate industry of Latvia amounted to about 2.16 billion Euros. Between 2021 and 2023, the turnover rose by approximately 250 million Euros.

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 size of the Latvia Facility Management Market market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 2.50% during the forecast period. 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.

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.

The study gives updated and policy-relevant information on living conditions in the three countries, with special focus on poverty and economic resources, housing and residential environment, education, the labour market (unemployment, working conditions), social integration, health (contact with health institutions, coverage of medical insurance, private caretakers etc.), crime and security. Topics: 1.) Housing conditions/residential environment 2.) Labour Force 3.) Economic self-assessment 4.) Income 5.) Working conditions 6.) Health condition 7.) Crime, security and violence 8.) Migration 9.) Attitudes, values and political views 10.) Social contacts Demography 1.) Dwelling type; owner of dwelling; becoming owner of dwelling; quality of amenities; problems paying for rent or communal services; owing money for rent or communal services; number of rooms available to the household; dwelling space in square meters; damp/humid rooms and ability to keep home adequately warm; dwellings’ exposure to noise; exhausts from traffic/industry in vicinity of dwelling; respondents’ satisfaction with housing conditions; condition of dwelling; plans for removal to another dwelling; reasons for planning of removal to another dwelling; supply with consumer goods. 2.) Household members’ occupation last week; absence of occupation last week; reason for absence of occupation last week; actively seeking work; reasons for not seeking work; ways of seeking work; number of months seeking work; general availability for work; paid work in last 12 months; household members’ reason for stopping work; status in employment; full-time or part-time job; working hours at main job; additional jobs; working hours at additional jobs; seeking additional work. 3.) Capacity to get things that people sometimes cannot afford; economic situation of household; possibility to raise money for a sudden need; current economic situation compared with situation 5 years ago; assessment of future economic situation.. 4.) Main contributor to household budget; wage income; self employment income non-agricultural; self employment income agricultural; non-government transfer income; government transfer income in total and income of pension, unemployment benefit, child benefit, social assistance and housing support; property income; other monetary income; total income; income of last calendar month is typical income; employment status of household (employee or self-employed); received benefits through employer or workplace; received in-kind support from relatives, friends, churches or charity organisations; household member owning/renting a farm; household living on farm; farming type of household; garden or land available for subsistence agriculture; household receives food from relatives or friends; household practices aspects of subsistence economy. 5.) Currently employed; paid or unpaid employee; occupational status; type of employment contract; public or private ownership of company; vocational or professional training last 12 months; work schedule; preference for working hours per week; inconveniences respondent is exposed to; stressful and unhealthy working conditions; number of employees at workplace; assessment of good and bad aspects of working conditions; delays in receiving salary; longest delay in the last 12 months; assessment of job security for the next 2 years; working conditions compared with 5 years ago. 6.) State of health in general; chronic illness or disabilities; afflictions in daily life; contact with health care institutions (public or private), reason for visit and mode of paying for service; duration of habitation in health institutions; health problems during last week; intake of sedatives or psychotropics last 6 months, prescribed by a doctor; medical services not used because of lack of money the last 12 months; health insurance of household members; health insurance of respondent; respondent has to pay for health insurance; health-conscious behaviour; consumption of alcoholic beverages (alcohol consumption); smoking habits; someone offered drugs to respondent the last 5 years; place where drugs have been offered to respondent. 7.) Experienced violence and reported to police; fear of assaults or threats; comportment of crime protection; household members are in possession of insurances 8.) Country of birth; respondent lived in dwelling since birth; occupancy in dwelling; duration of stay in community; place where respondent lived before mo...