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House price growth in Latvia

Are homes there getting further out of reach right now?

Latvia's house price growth is 7.85 % — #45 of 54 countries on the atlas (lower is better). Period 2026-Q2.

7.85%

Checked 24 Oct 2026Period 2026-Q2

Source: BIS residential property prices

Real house prices in Latvia rose 7.9 % over the past year — beyond general inflation.

House price growth in Latvia over time

39.00 %-2.93 %-44.85 %39.00 % · Q1 2007-44.85 % · Q2 2009Q1 2007: 39.00 %Q2 2007: 28.64 %Q3 2007: 23.70 %Q4 2007: 8.37 %Q1 2008: 0.22 %Q2 2008: -5.51 %Q3 2008: -16.88 %Q4 2008: -26.61 %Q1 2009: -42.29 %Q2 2009: -44.85 %Q3 2009: -40.05 %Q4 2009: -28.57 %Q1 2010: -17.63 %Q2 2010: -9.59 %Q3 2010: -7.62 %Q4 2010: -4.12 %Q1 2011: 6.63 %Q2 2011: 7.16 %Q3 2011: 8.12 %Q4 2011: 1.51 %Q1 2012: -0.86 %Q2 2012: -0.21 %Q3 2012: -0.45 %Q4 2012: 4.38 %Q1 2013: 4.44 %Q2 2013: 7.91 %Q3 2013: 6.61 %Q4 2013: 8.59 %Q1 2014: 10.10 %Q2 2014: 7.08 %Q3 2014: 9.74 %Q4 2014: -5.05 %Q1 2015: -6.49 %Q2 2015: -5.43 %Q3 2015: -7.83 %Q4 2015: 6.52 %Q1 2016: 7.54 %Q2 2016: 10.28 %Q3 2016: 9.44 %Q4 2016: 6.15 %Q1 2017: 5.95 %Q2 2017: 5.84 %Q3 2017: 5.70 %Q4 2017: 5.25 %Q1 2018: 9.21 %Q2 2018: 6.16 %Q3 2018: 4.24 %Q4 2018: 7.92 %Q1 2019: 3.43 %Q2 2019: 4.49 %Q3 2019: 9.47 %Q4 2019: 6.49 %Q1 2020: 6.65 %Q2 2020: 1.97 %Q3 2020: 1.73 %Q4 2020: 2.90 %Q1 2021: 2.97 %Q2 2021: 9.52 %Q3 2021: 8.29 %Q4 2021: 8.33 %Q1 2022: 7.50 %Q2 2022: -0.02 %Q3 2022: -6.66 %Q4 2022: -10.55 %Q1 2023: -11.55 %Q2 2023: -5.64 %Q3 2023: -1.94 %Q4 2023: -0.39 %Q1 2024: 2.90 %Q2 2024: -0.12 %Q3 2024: 4.24 %Q4 2024: 4.62 %Q1 2025: 2.01 %Q2 2025: 2.61 %Q3 2025: 3.79 %Q4 2025: 6.48 %Q1 2026: 7.77 %Q2 2026: 7.85 %Q1 2007Q3 2016Q2 20267.85 %
78 official observations, Q1 2007 → Q2 2026. Every point is a published value — never interpolated.
Rank
#45 of 54
lower is better
Ranked behind
17 %
9 of 54 countries
Latest move
▲ 0.09 pp
since Q1 2026
Year on year
▲ 5.24 pp
over 12 months
Below its peak
31.15 pp
peak 39.00 % in Q1 2007
Full series
▼ 31.15 pp
since Q1 2007

In Europe: #22 of 31vs median 2.42 %: +5.43 pp (worse)

Among 54 countries

2 of 54 countries between -6.72 % and -6.02 %2 of 54 countries between -3.94 % and -3.24 %4 of 54 countries between -3.24 % and -2.55 %3 of 54 countries between -2.55 % and -1.85 %1 of 54 countries between -1.85 % and -1.16 %2 of 54 countries between -1.16 % and -0.46 %3 of 54 countries between -0.46 % and 0.23 %4 of 54 countries between 0.23 % and 0.93 %2 of 54 countries between 0.93 % and 1.62 %2 of 54 countries between 1.62 % and 2.32 %9 of 54 countries between 2.32 % and 3.01 %1 of 54 countries between 3.01 % and 3.71 %3 of 54 countries between 3.71 % and 4.40 %1 of 54 countries between 5.10 % and 5.79 %1 of 54 countries between 5.79 % and 6.49 %3 of 54 countries between 6.49 % and 7.18 %2 of 54 countries between 7.18 % and 7.88 %4 of 54 countries between 7.88 % and 8.57 %5 of 54 countries between 9.27 % and 9.96 %median 2.40 %Latvia: ahead of 17 % of the 54 countries with a published house price growthLatvia 7.85 %-6.72 %9.96 %
Half of all 54 countries sit between -0.47 % and 6.20 %. Latvia is ahead of 17 % of them. Axis trimmed to the 2nd–98th percentile; 3 values beyond it sit in the end bars.

The neighbourhood

#CountryHouse price growthvs Latvia
43 Bulgaria7.04 %−0.81 pp
44 Denmark7.36 %−0.49 pp
45 Latvia7.85 %—
46 Estonia8.13 %+0.28 pp
47 Czech Republic8.28 %+0.43 pp

Real year-on-year change in residential property prices (BIS). Framed for buyers — slower growth is greener; homeowners may read it the other way.

How to read this figure

Real year-on-year change in residential property prices from the BIS — inflation-adjusted, so it shows whether homes beat or trailed prices in general. Base-independent, which is what makes ~60 countries honestly comparable in one ranking. The colour scale takes the buyer’s side (slower growth = greener); an existing owner may read it the opposite way.

Next, about Latvia

House price growth since 2015Mortgage rates
House price growth, all countries ranked →Compare Latvia with another country →Everything about Latvia →
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