Housing prices in Latvia up 3.2% in Q3

Prices of new dwellings increased by 15.6 %, but the average price level of existing dwellings remained unchanged.

Compared to the 2nd quarter of 2023, in the 3rd quarter of 2023 prices of dwellings reduced by 0.9 %. Prices of new dwellings fell by 0.2 %, and prices of existing dwellings – by 1.2 %.

Compared to 2015, in the 3rd quarter of 2023 prices of dwellings were 93.7 % higher. Prices of new dwellings increased by 92.3 %, but of existing dwellings – by 94.1 %.