Real Estate Market in Riga — 2026

Updated 2026-03-05 · Source: State Land Service (VZD)

Total Deals (12m)
19,889

2,759 Recent (3 months)

Median Apt. Price
1,066 €/m²

Price Range (p25–p75): 753–1686 €/m²

Year-over-Year
+5.8%+5.8%
Avg. Apt. Price
1,277 €/m²

11,225 deals

Price Trends (24 months)

Median Apt. Price (€/m²)

8449541,0651,1751,2852024-042024-072024-102025-012025-042025-072025-102026-012026-022024-04: 938 €/m² (1776 deals)2024-05: 949 €/m² (1691 deals)2024-06: 980 €/m² (1704 deals)2024-07: 966 €/m² (1773 deals)2024-08: 938 €/m² (1850 deals)2024-09: 977 €/m² (1757 deals)2024-10: 971 €/m² (1908 deals)2024-11: 984 €/m² (1885 deals)2024-12: 1043 €/m² (1879 deals)2025-01: 978 €/m² (1729 deals)2025-02: 1064 €/m² (1725 deals)2025-03: 1060 €/m² (1786 deals)2025-04: 1034 €/m² (1758 deals)2025-05: 1045 €/m² (1891 deals)2025-06: 1022 €/m² (1841 deals)2025-07: 1054 €/m² (2217 deals)2025-08: 1043 €/m² (2091 deals)2025-09: 1063 €/m² (2071 deals)2025-10: 1058 €/m² (2158 deals)2025-11: 1120 €/m² (1512 deals)2025-12: 1055 €/m² (1730 deals)2026-01: 1134 €/m² (1522 deals)2026-02: 1168 €/m² (1183 deals)

Deal Type Breakdown

Apartments12,313 (62%)
Land + Building5,512 (28%)
Land2,064 (10%)

The real estate market in Riga recorded 19,889 transactions in the past 12 months. The median apartment price is 1,066 €/m².

What does an apartment cost in Riga?

Median apartment prices by size, based on actual deals from the last 12 months. Prices exclude non-market transactions.

< 40 m²
27,500
Range: €12,245 – €40,000
876 €/m²
3,340 deals
40–70 m²
56,500
Range: €40,000 – €89,650
1,077 €/m²
5,747 deals
70–100 m²
125,000
Range: €80,000 – €179,000
1,523 €/m²
1,461 deals
100+ m²
185,000
Range: €120,000 – €258,900
1,454 €/m²
677 deals

In Riga, the most affordable apartments (< 40 m²) have a median price of €27,500, while larger apartments (100+ m²) reach €185,000. These figures are based on registered transactions, giving a realistic picture of what buyers actually pay.

New vs old buildings in Riga

How building age affects apartment prices. Based on the commissioning year registered in the cadastral data.

Price by building era (last 12 months)

Pre-war (< 1945)1,237 €/m²(1,805)
Soviet era (1945–1991)908 €/m²(5,782)
Post-Soviet (1992–2009)1,466 €/m²(818)
Modern (2010+)2,442 €/m²(1,039)

10-year price trend by building era

Modern
Post-Soviet
Pre-war
Soviet era
5061,0601,6152,1692,723201620172018201920202021202220232024202520262016: 1,425 €/m² (330 deals)2017: 1,425 €/m² (563 deals)2018: 1,577 €/m² (531 deals)2019: 1,632 €/m² (775 deals)2020: 1,699 €/m² (1048 deals)2021: 1,872 €/m² (954 deals)2022: 2,034 €/m² (1031 deals)2023: 2,146 €/m² (920 deals)2024: 2,302 €/m² (989 deals)2025: 2,389 €/m² (1311 deals)2026: 2,475 €/m² (127 deals)2016: 848 €/m² (408 deals)2017: 933 €/m² (550 deals)2018: 944 €/m² (517 deals)2019: 1,063 €/m² (541 deals)2020: 953 €/m² (477 deals)2021: 1,112 €/m² (580 deals)2022: 1,212 €/m² (610 deals)2023: 1,190 €/m² (620 deals)2024: 1,224 €/m² (672 deals)2025: 1,437 €/m² (943 deals)2026: 1,556 €/m² (128 deals)2016: 1,194 €/m² (1647 deals)2017: 911 €/m² (1982 deals)2018: 864 €/m² (1902 deals)2019: 920 €/m² (2160 deals)2020: 1,341 €/m² (1865 deals)2021: 1,029 €/m² (1969 deals)2022: 1,140 €/m² (1699 deals)2023: 1,111 €/m² (1575 deals)2024: 1,184 €/m² (1852 deals)2025: 1,235 €/m² (2178 deals)2026: 1,454 €/m² (240 deals)2016: 596 €/m² (4618 deals)2017: 653 €/m² (5765 deals)2018: 707 €/m² (5467 deals)2019: 736 €/m² (5558 deals)2020: 723 €/m² (4803 deals)2021: 808 €/m² (5694 deals)2022: 883 €/m² (5610 deals)2023: 842 €/m² (5508 deals)2024: 845 €/m² (5903 deals)2025: 892 €/m² (6523 deals)2026: 957 €/m² (831 deals)

In Riga, the price gap between building eras is significant. < 1945 apartments average 1,237 €/m², while 2010+ buildings command 2,442 €/m² — a 2.0x difference. This reflects both construction quality and buyer preferences.

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