Latvia house prices: average price of a standard type apartment, Riga (Euro per sq. m.)
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')
Quarterly change in house prices, inflation-adjusted
| Q1 | Q2 | Q3 | Q4 | |
| 2025 | -1.86% | -0.15% | 0.28% | |
| 2024 | -2.23% | -0.75% | 0.07% | -0.27% |
| 2023 | -2.59% | -2.05% | -2.69% | -0.57% |
| 2022 | 0.65% | -6.10% | -6.81% | -4.58% |
| 2021 | -0.37% | 2.45% | 2.38% | -0.88% |
| 2020 | -0.69% | 0.10% | -0.99% | 0.61% |
| 2019 | -1.03% | 0.08% | 1.21% | 0.23% |
| 2018 | 0.75% | -0.24% | 0.62% | 0.21% |
| 2017 | 1.52% | 2.73% | 1.61% | 0.50% |
| 2016 | 2.50% | 0.85% | 2.16% | -0.26% |
| 2015 | -0.68% | -0.12% | 2.47% | 0.81% |
| 2014 | 1.50% | 0.75% | 1.13% | 0.29% |
| 2013 | -0.20% | 0.68% | 1.72% | 1.22% |
| 2012 | -0.02% | 0.10% | 0.16% | 0.21% |
| 2011 | -3.52% | -3.54% | -0.77% | -0.35% |
| 2010 | 9.10% | -15.70% | 3.55% | 19.70% |
| 2009 | -27.73% | -33.59% | -2.33% | 8.43% |
| 2008 | -11.17% | -8.13% | -8.09% | -12.71% |
| 2007 | -10.66% |
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
| Year | Inflation Adjusted | Nominal Change |
| 2025 | 0.43% | 4.24% |
| 2024 | -3.16% | 0.00% |
| 2023 | -7.68% | -7.10% |
| 2022 | -15.96% | 1.55% |
| 2021 | 3.57% | 11.77% |
| 2020 | -0.97% | -1.47% |
| 2019 | 0.48% | 2.76% |
| 2018 | 1.33% | 3.91% |
| 2017 | 6.50% | 8.79% |
| 2016 | 5.33% | 7.63% |
| 2015 | 2.47% | 2.83% |
| 2014 | 3.71% | 3.92% |
| 2013 | 3.45% | 3.03% |
| 2012 | 0.46% | 2.06% |
| 2011 | -7.97% | -4.27% |
| 2010 | 13.99% | 16.89% |
| 2009 | -49.17% | -49.76% |
| 2008 | -34.53% | -27.63% |
This table shows how house prices have changed over each year. It compares the latest quarter or month of a given year with the same period the year before, so you can quickly see whether prices went up or down over that year.
