Latvia house prices: average price of a atandard type apartment, Riga (Euro per sq. m.)
Economics Team | June, 15, 2018
Latvia
Apartment prices in Riga, Latvia. Arco Real Estate releases monthly average price per square metre of standard-type apartments in the housing estates of Riga. It stretches back to 2007. Ober-Haus Real Estate Advisors, the largest real estate agency in the Baltic and Central European Region, also publishes monthly time-series data of average apartment prices per square metre in Riga, with the series starting in 2004.
House price changes in Riga, nominal and inflation-adjusted ('real')
% change over a year earlier
Latvia
Source: Arco Real Estate
Quarterly Change in house prices
| Q1 | Q2 | Q3 | Q4 | |
| 2009 | -33.58 | -2.33 | 8.43 | |
| 2010 | 9.1 | -15.7 | 3.54 | 19.7 |
| 2011 | -3.52 | -3.53 | -0.77 | -0.35 |
| 2012 | -0.02 | 0.11 | 0.16 | 0.21 |
| 2013 | -0.2 | 0.68 | 1.72 | 1.22 |
| 2014 | 1.5 | 0.74 | 1.14 | 0.28 |
| 2015 | -0.68 | -0.11 | 2.46 | 0.81 |
| 2016 | 2.5 | 0.85 | 2.16 | -0.26 |
| 2017 | 1.53 | 2.73 | 1.61 | 0.5 |
| 2018 | 0.75 | -0.25 | 0.62 | 0.2 |
| 2019 | -1.03 | 0.08 | 1.21 | 0.23 |
| 2020 | -0.69 |
This table shows the change in house prices during a single quarter, adjusted for inflation.
Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.