According to preliminary data from the Central Statistical Bureau (CSP), housing prices in Latvia increased by 11% in the fourth quarter of 2025 compared to the fourth quarter of 2024. Newly built homes saw a price increase of 6.4%, while the average price level for used homes rose even higher by 11.8%. These fluctuations indicate a significant trend in the real estate market as demand remains strong despite rising prices.

In comparison to the third quarter of 2025, there was a 1.9% increase in housing prices during the fourth quarter. However, new homes experienced a slight decrease of 0.3% in prices, while used homes became 2.3% more expensive. This points to a separation in the market dynamics for different types of housing, where used homes are generating more demand, leading to higher price increases.

When evaluating long-term trends, housing prices in the fourth quarter of 2025 were recorded at 124% higher than in 2015, with newly built homes increasing by 123.5% and used homes by 122.5%. This dramatic rise emphasizes the sustained growth in the housing market over the past decade, reflecting broader economic conditions that may be influencing buyer behavior and investment in real estate in Latvia.