This information comes from data on rents and house prices published by Eurostat.
Over the period 2010 until the fourth quarter of 2021, rents increased by 16% and house prices by 42%.
For Latvia, house prices saw 4.2% growth in the fourth quarter of 2021 compared to the third quarter, and 16.5% growth compared to the fourth quarter of 2020.
When comparing the fourth quarter of 2021 with 2010, Latvia is among the countries with the highest growth in house prices. House prices increased in 24 EU countries and decreased in three, with the highest rises in Estonia (+156.3 %), Hungary (+128.4 %), Luxembourg (+123.8 %), Latvia (+114.5 %), Czechia (+110.7 %), Austria (+108.9 %) and Lithuania (+108.3 %). Decreases were observed in Greece (-22.8 %, see notes), Italy (-11.9 %) and Cyprus (-8.5 %).
Over the same period in Latvia rents increased by around 40%.
