Housing prices jumped 17% on year in Latvia

Prices of new dwellings increased by 4.5 %, but of existing dwellings – by 21.0 %.

Compared to the 4^th quarter of 2021, in the 1^st quarter of 2022 prices of dwellings went up by 2.4 %. Prices of new dwellings fell by 1.5 %, but prices of existing dwellings increased by 3.4 %.

Compared to 2015, in the 1^st quarter of 2022 prices of dwellings were 75.9 % higher. Prices of new dwellings increased by 48.9 %, but of existing dwellings – by 83.8 %.