There are no signs of a recession in the Latvian real estate market, according to recently published data from the Central Statistical Office (CSO).
In the 4th quarter of 2025, compared to the 3rd quarter, housing prices increased by 1.9%. At the same time, prices in the primary market decreased by 0.3%, while in the secondary market they increased by 2.3%.
In the 4th quarter, compared to the same quarter a year earlier, real estate prices increased by 11%. New housing prices rose by 6.4%, while secondary housing prices rose by 11.8%.
In 10 years, since 2015, the rise in prices for apartments and houses in Latvia has amounted to 124%. Thus, the country is one of the leaders in terms of house prices in the European Union.
Source: LSM
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