Select a country

Property Prices in Latvia: Standard Type Apartment Price Index in Riga (2015=100)

Latvia, Riga

Source: Arco Real Estate

House prices in Riga, % change 1 yr

Nominal and inflation-adjusted ('real')

Latvia, Riga

Quarterly change in house prices, inflation-adjusted

 Q1Q2Q3Q4
2023-2.59%-2.05%-2.69%-0.57%
20220.65%-6.1%-6.81%-4.58%
2021-0.37%2.45%2.39%-0.89%
2020-0.69%0.11%-0.99%0.6%
2019-1.03%0.08%1.21%0.23%
20180.75%-0.25%0.62%0.2%
20171.53%2.73%1.61%0.5%
20162.5%0.85%2.16%-0.26%
2015-0.68%-0.11%2.46%0.81%
20141.5%0.74%1.14%0.28%
2013-0.2%0.68%1.72%1.22%
2012-0.02%0.11%0.16%0.21%
2011-3.52%-3.53%-0.77%-0.35%
20109.1%-15.7%3.54%19.7%
2009-27.73%-33.58%-2.33%8.43%
2008-11.16%-8.14%-8.09%-12.72%
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.