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Latvia (Riga) House Price Index: Standard type apartment average square metre price in EUR
Latvia, Riga
Source: Arco Real Estate
House prices in Riga, % change 1 yr
Nominal and inflation-adjusted ('real')
Latvia, Riga
Source: Arco Real Estate
Quarterly change in house prices, inflation-adjusted
| Q1 | Q2 | Q3 | Q4 | |
| 2024 | -2.23% | -0.75% | ||
| 2023 | -2.59% | -2.05% | -2.69% | -0.57% |
| 2022 | 0.65% | -6.10% | -6.81% | -4.58% |
| 2021 | -0.37% | 2.45% | 2.39% | -0.89% |
| 2020 | -0.69% | 0.11% | -0.99% | 0.60% |
| 2019 | -1.03% | 0.08% | 1.21% | 0.23% |
| 2018 | 0.75% | -0.25% | 0.62% | 0.20% |
| 2017 | 1.53% | 2.73% | 1.61% | 0.50% |
| 2016 | 2.50% | 0.85% | 2.16% | -0.26% |
| 2015 | -0.68% | -0.11% | 2.46% | 0.81% |
| 2014 | 1.50% | 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% |
| 2010 | 9.10% | -15.70% | 3.54% | 19.70% |
| 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.
Yearly change in house prices, nominal and inflation-adjusted
| Year | Inflation Adjusted | Nominal Change |
| 2023 | -7.68% | -7.10% |
| 2022 | -15.95% | 1.55% |
| 2021 | 3.57% | 11.77% |
| 2020 | -0.97% | -1.47% |
| 2019 | 0.49% | 2.76% |
| 2018 | 1.33% | 3.91% |
| 2017 | 6.50% | 8.79% |
| 2016 | 5.34% | 7.63% |
| 2015 | 2.47% | 2.83% |
| 2014 | 3.71% | 3.92% |
| 2013 | 3.46% | 3.03% |
| 2012 | 0.46% | 2.06% |
| 2011 | -7.98% | -4.27% |
| 2010 | 13.99% | 16.89% |
| 2009 | -49.16% | -49.76% |
| 2008 | -34.53% | -27.63% |
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.