11-05-2026
Latvia’s real estate market remained active in the first quarter of 2026. According to data compiled by Lursoft IT, more than 9,100 real estate transactions were registered in Latvia during the first three months of the year, with the total transaction value exceeding €460 million.
These figures indicate that, despite a more cautious and selective buyer mindset, the market continues to move. Buyers are analysing property value, location, quality, maintenance costs and long-term potential more carefully, while demand for well-positioned real estate in Latvia remains stable.
February was the most active month of the quarter, with 3,493 transactions registered for a total value of €180.13 million. It also recorded the highest average transaction value of the quarter — €51.57 thousand. In comparison, the average transaction value was €49.74 thousand in January and €49.52 thousand in March.
Riga remains the main centre of market activity, with 3,281 real estate transactions registered in the first quarter of 2026. At the same time, premium locations around the capital continue to attract significant attention. Mārupe municipality recorded the highest average transaction value at €118.73 thousand, followed by Jūrmala at €96.69 thousand, as well as Ropaži, Ādaži and Riga.
For the premium segment, these numbers are particularly relevant. Jūrmala, Mārupe and other sought-after areas of Pierīga continue to appeal to buyers looking not only for property, but for a complete living environment: privacy, nature, infrastructure, proximity to Riga and long-term asset value.
The apartment segment also remained active. In the first quarter of 2026, 4,500 apartments were sold in Latvia, with the total transaction value reaching €259.88 million. Almost half of these apartment transactions took place in Riga, while more than 100 apartments were also sold in Liepāja, Daugavpils, Jelgava, Jūrmala and Jēkabpils municipality.
Latvia’s real estate market is becoming more rational, data-driven and professional. Buyers are increasingly comparing real transaction prices, analysing district potential and evaluating properties not only by current price, but also by future liquidity.
For sellers, this means that accurate positioning and a realistic pricing strategy are essential. For buyers, professional guidance is increasingly important — especially in the premium and investment segments, where the right property decision can directly influence capital preservation and long-term value growth.
If you are considering buying, selling or investing in real estate in Latvia, the Mercury Group team can help you assess the market, define the right strategy and select a property aligned with your goals. Contact us for a private consultation.
