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.

Residential Property Prices in Latvia increased 5.77 percent in March of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Latvia Residential Property Prices.

Latvia - House price index was 5.40% in September of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Latvia - House price index - last updated from the EUROSTAT on June of 2025. Historically, Latvia - House price index reached a record high of 49.60% in March of 2007 and a record low of -42.30% in June of 2009.

House Price Index YoY in Latvia decreased to 5.80 percent in the first quarter of 2025 from 7.30 percent in the fourth quarter of 2024. This dataset includes a chart with historical data for Latvia House Price Index YoY.

Key information about Latvia Gold Production

• Latvia Real Residential Property Price Index was reported at 161.801 2010=100 in Sep 2024.
• This records an increase from the previous number of 156.029 2010=100 for Jun 2024.
• Latvia Real Residential Property Price Index data is updated quarterly, averaging 140.420 2010=100 from Mar 2006 to Sep 2024, with 75 observations.
• The data reached an all-time high of 218.092 2010=100 in Sep 2007 and a record low of 97.978 2010=100 in Jun 2010.
• 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]

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.

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.

Key information about Latvia Nominal Residential Property Price Index

• Latvia Nominal Residential Property Price Index was reported at 253.720 2010=100 in Sep 2024.
• This records an increase from the previous number of 245.100 2010=100 for Jun 2024.
• Latvia Nominal Residential Property Price Index data is updated quarterly, averaging 148.760 2010=100 from Mar 2006 to Sep 2024, with 75 observations.
• The data reached an all-time high of 253.720 2010=100 in Sep 2024 and a record low of 97.720 2010=100 in Mar 2010.
• Latvia Nominal 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 Nominal Residential Property Price Index: 2010=100: Quarterly.

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.

Context

This dataset is a cleaned copy of original dataset

Content

4157 real estate rent/sale listings in Riga, Latvia

Column descriptions: - op_type : ['For rent' 'For sale'] - district : district, where real estate object located - street : street, where real estate object located - rooms : number of rooms in a property - area : total area of the property - floor : floor number property is located at - total_floors : total number of floors in a building - house_seria : type of standardized construction project ['LT proj.' '602.' 'P. kara' 'Jaun.' 'Specpr.' 'Hrušč.' '119.' 'M. ģim.' 'Renov.' '103.' 'Priv. m.' '467.' 'Staļina' '104.' 'Čehu pr.'] - house_type : ['Brick-Panel' 'Panel' 'Wood' 'Masonry' 'Brick' 'Panel-Brick'] - condition : ['All amenities' 'Partial amenities' 'Without amenities'] - price : property price in EUR - lat : latitude of property geolocation - lon : longitude of property geolocation

Acknowledgements

I would like to sincerely thank Dr. Hax for publishing original dataset.

Inspiration

Some ideas this dataset might be useful for: - Price suggestions for real estate marketplaces - Real estate evaluation for real estate agencies

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.

Real residential property prices Y-on-Y, percent change in Latvia, December, 2024 The most recent value is 5.41 percent as of Q4 2024, an increase compared to the previous value of 4.25 percent. Historically, the average for Latvia from Q1 2007 to Q4 2024 is 0.72 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

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 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 - Labour cost index: Real estate activities was 19.80 % year-on-year in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Latvia - Labour cost index: Real estate activities - last updated from the EUROSTAT on June of 2025. Historically, Latvia - Labour cost index: Real estate activities reached a record high of 19.80 % year-on-year in March of 2025 and a record low of -3.20 % year-on-year in June of 2020.

Key information about Latvia Real Residential Property Price Index Growth

• Latvia Real Residential Property Price Index Growth was reported at 4.371 % in Sep 2024.
• This records an increase from the previous number of -0.120 % for Jun 2024.
• Latvia Real Residential Property Price Index Growth data is updated quarterly, averaging 4.371 % from Mar 2007 to Sep 2024, with 71 observations.
• The data reached an all-time high of 38.997 % in Mar 2007 and a record low of -44.865 % in Jun 2009.
• Latvia Real Residential Property Price Index Growth 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: YoY %.

Latvia - Job vacancy rate: Real estate activities was 1.30% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Latvia - Job vacancy rate: Real estate activities - last updated from the EUROSTAT on June of 2025. Historically, Latvia - Job vacancy rate: Real estate activities reached a record high of 2.90% in June of 2021 and a record low of 0.90% in December of 2020.

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