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HOUSING PRICES IN LATVIA INCREASED BY 17.3% IN THE FIRST QUARTER OF THIS YEAR

19-06-2022

Prices for new housing rose by 4.5% over the year, and in the secondary market - by 21%

Data provided by the Central Statistical Office of Latvia.

According to the agency, in the first quarter of 2022 compared to the fourth quarter of 2021, housing prices increased by 2.4%. Compared to the previous quarter, prices for new housing decreased by 1.5%, while secondary housing prices rose by 3.4%.

It is noted that compared to 2015, housing prices in the first quarter of 2022 increased by 75.9%. Of these, prices for new buildings rose by 48.9%, and for secondary housing - by 83.8%.

Hurry up to buy real estate in Latvia at competitive prices!

Mercury group Ltd has been operating in the Latvian real estate market for 20 years.

We provide our clients with a full range of services for the sale/purchase/rent of any property in Latvia.

We also provide turnkey support for obtaining a residence permit when buying real estate in the country.

[email protected]

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