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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
2020-0.69%0.11%
2019-1.03%0.08%1.21%0.23%
20180.75%-0.25%0.62%0.20%
20171.53%2.73%1.61%0.50%
20162.50%0.85%2.16%-0.26%
2015-0.68%-0.11%2.46%0.81%
20141.50%0.74%1.14%0.28%
2013-0.20%0.68%1.72%1.22%
2012-0.02%0.11%0.16%0.21%
2011-3.52%-3.53%-0.77%-0.35%
20109.10%-15.70%3.54%19.70%
2009-33.58%-2.33%8.43%

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.


Yearly change in house prices, nominal and inflation-adjusted

YearInflation AdjustedNominal Change
20190.49%2.76%
20181.33%3.91%
20176.50%8.79%
20165.34%7.63%
20152.47%2.83%
20143.71%3.92%
20133.46%3.03%
20120.46%2.06%
2011-7.98%-4.27%
201013.99%16.89%

The yearly changes table looks at the last quarter's/month's index values for a given year and compares it with the same quarter/month of the previous year to gauge the change in house prices during that given year.


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House prices in Latvia compared to the rest of the continent