Over the year prices of dwellings increased by 5.8 %

Provisional* Central Statistical Bureau data show that, compared to Q1 2024, prices of dwellings rose by 5.8 % in Q1 2025. Prices of new dwellings increased by 6.5 %, and the average price level for existing dwellings grew by 5.5 %.

Compared to Q4 2024, prices of dwellings went up by 1.2 % in Q1 2025. Prices of new dwellings rose by 0.2 % and of existing dwellings by 1.4 %.

In Q1 2025, dwelling prices were 104.3 % higher than the 2015 average. Prices of new dwellings increased by 110.5 % and of existing dwellings by 101.7 %.

Information on changes in dwelling prices in the second quarter of 2025 will be published on 12 September 2025.

Methodological information

*Data for Q4 2024 are provisional. The final data will be published together with the provisional data for Q2 2025, on 12 September 2025.

The house price index (HPI) is a quarterly indicator that measures the changes in the dwellings transaction prices that households acquire on the market. The house price index is a quality-adjusted index, i.e. it reflects pure price changes, excluding structural and qualitative differences in dwellings composition between periods.

The HPI covers all purchases of dwellings between households on the one part, and legal entities, municipalities, and government on the other part, as well as between two or more households, regardless of the purpose for which the property is acquired and type of its subsequent use.

Compilation methodology of the house price index is available in the official statistics portal section Reference metadata.

Media requests:
Public Relations Section
Email: media@csp.gov.lv
Phone: +371 27880666

More information on data:
Nataļja Dubkova
Consumer Price Indices Section
Email: Natalja.Dubkova@csp.gov.lv
Phone: +371 67366644