Latvia’s strong housing market shows little sign of cooling with provisional data published by the Central Statistical Bureau (CSB) on March 13th showing that, compared to the 3rd quarter of 2025, in the 4th quarter of 2025 prices of dwellings rose by 1.9 %. Prices of new dwellings fell by 0.3 %, but prices of existing dwellings increased by 2.3 %.

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Compared to the 4th quarter of 2024, in the 4th quarter of 2025 prices of dwellings went up by a much more significant 11.0 %. Prices of new dwellings increased by 6.4 %, but average price level of existing dwellings rose by 11.8 %.

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Compared to the reference year of 2015, in the 4th quarter of 2025 prices of dwellings were 124.0 % higher. Prices of new dwellings increased by 123.5 %, but of existing dwellings – by 122.5 %, giving Latvia some of the strongest housing market growth rates in the European Union. 

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