What Latvian property actually sells for

On the 12-month change. It compares the median of what sold in the last 12 months with the median of what sold in the 12 before it. That is a change in the middle of what changed hands, not a price index: when a run of new houses completes in a district, the median moves without any individual house moving. The chart below controls for that by holding a construction era fixed — and so does the SOVIET tab above, which is the same control applied to this table.

On the asking-price line. It is measured against the last advertised price, and sellers often revise an advert down to the agreed figure before it comes off, so it understates the room there was at the start. Ratios are measured per region group, not per neighbourhood. Houses are thinner than flats: nationally they register at a median 95.0% of the last ask (290 matched sales), and Rīga has too few to measure on its own — so no Rīga figure is claimed above.

On the 40–600 m² guard. The register’s house class is not only houses: a garage bay in a co-operative block is registered against the whole block’s area, so one Purvciems address appears as a 1,411 m² “house” sold for €8,000. Only buildings of 40–600 m² count towards anything on this page, which is why the counts here are lower than the register’s own house total.

Where the building year comes from. The State Land Service’s own building row for the property that sold. About an eighth of registered sales carry no year at all — they are counted under NO YEAR and never folded into a neighbouring era to make a class look fuller.

Read this as a comparison, not as a return. The rents are what landlords are asking now; the prices are what buyers registered over the past year. Flats that get advertised for rent are, on the whole, in better order than the stock that sells, so every figure here runs above what an investor actually clears. The eastern towns sit at the top of the table because the flats are very cheap, not because the income is high — and that is also where a flat is hardest to sell again.

A region needs 20 live rental adverts and 100 registered sales in the size band to appear. Adverts as at 15.10.2026.