Latvia house prices: average price of a standard type apartment, Riga (Euro per sq. m.)

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 prices in Riga, % change 1 yr

Nominal and inflation-adjusted ('real')

Latvia

Source: Arco Real Estate


Quarterly change in house prices, inflation-adjusted

 Q1Q2Q3Q4
2020-0.690.11
2019-1.030.081.210.23
20180.75-0.250.620.2
20171.532.731.610.5
20162.50.852.16-0.26
2015-0.68-0.112.460.81
20141.50.741.140.28
2013-0.20.681.721.22
2012-0.020.110.160.21
2011-3.52-3.53-0.77-0.35
20109.1-15.73.5419.7
2009-33.58-2.338.43

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.