Global Property Guide

Financial Information for the Residential Property Buyer


Ec. Freedom 5 Years - Latvia Compared to Europe

Footnote | Export Sort: Alphabetically | Ascending Rank | Descending Rank

Click name of country for detailed information
Belarus 19.57%
Latvia 14.65%
Russia 13.06%
Romania 8.16%
Estonia 8.00%
Norway 7.52%
Moldova 6.54%
Italy 6.35%
Poland 6.33%
Lithuania 5.99%
Bosnia & H. 5.10%
Iceland 4.92%
Czech Rep. 4.92%
Bulgaria 4.88%
Sweden 4.48%
Turkey 4.37%
Ukraine 4.32%
Germany 3.95%
Netherlands 3.41%
Macedonia 3.26%
UK 3.15%
Austria 2.80%
Finland 2.33%
Luxembourg 1.93%
Serbia 1.52%
Malta 1.03%
Switzerland 0.43%
France 0.16%
Ireland -0.20%
Portugal -0.66%
Greece -0.72%
Montenegro -0.83%
Albania -1.15%
Denmark -1.51%
Belgium -1.67%
Slovak Rep. -1.89%
Hungary -1.95%
Croatia -2.50%
Cyprus -5.50%
Slovenia -5.89%
Spain -8.00%
 

Latvia: Economic freedom index, 5-year change

Increased economic freedom is strongly associated with high GDP growth, and therefore with rises in residential property prices. Changes in a countrys score on the Heritage Foundations freedom index are calculated by the Global Property Guide to produce a 5-point rating:

  • Greatly Improved
  • Improved
  • Nuetral
  • Worse
  • Much Worse


Source: Calculated using figures from The Heritage Foundation and the Wall Street Journal


Latvia generates monthly average apartment prices, issued by private entities, Arco Real Estate and Ober Haus. The Central Statistical Bureau of Latvia started producing annual average house prices in 2004 but stopped in 2009. High quality general economics statistics for Latvia are published by the Bank of Latvia and the Central Statistical Bureau of Latvia.