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EUROSTAT: THE VALUE OF REAL ESTATE IN LATVIA INCREASED BY 9.1% YEAR

18-04-2023

When comparing the fourth quarter of 2022 with 2010, house prices rose more than rents in 18 EU member states.

Eurostat published the House Price Index for the fourth quarter of 2022. The cost of real estate in the European Union grew by 3.6% per year, and rent - by 2.5%.

The cost of real estate in Latvia increased by 9.1% over the year.

Residential real estate prices rose the most in

  • Croatia (+17.3%),
  • Estonia (+16.9%),
  • Hungary (+16.5%)
  • Lithuania (+16.0%).
Prices fell in Denmark (-6.5%), Sweden (-3.7%), Germany (-3.6%) and Finland (-2.3%).

When comparing the fourth quarter of 2022 with 2010, house prices rose more than rents in 18 EU member states.

During this period, house prices rose in 24 EU member states and fell in three.

Thus, prices more than doubled in Estonia (+199%), Hungary (+174%), Lithuania (+142%), Luxembourg (+136%), Latvia (+133%), Austria (+126%) and the Czech Republic (+126%). 125%). Declines were observed in Greece (-14%), Italy (-9%) and Cyprus (-4%).

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