Latvian Real Estate Market Statistical Indicators

The reports are updated once a month, taking into account the current market information collected in the database, which is updated daily. Each report is offered for three different time periods — annual, half-year and quarter. The choice of “year” means that the report is presented for the previous two full years, for the “half year” for the two previous half-years and for the previous two quarters.

The years change on 1 February, half-years change on 1 February and 1 August, and quarters on 1 February, 1 May, 1 August and 1 November.

__ The statistical indicators of the Latvian real estate market are composed of:__

• Apartment transaction prices;
• Transaction prices of individual residential houses;
• Individual building land transaction prices;
• Commercial building land transaction prices;
• Prices of industrial enterprises building land transactions;
• Agricultural land transaction prices;
• Forestry land transaction prices;
• Breakdown of transactions by purpose of real estate use of the transaction object;
• Breakdown of transactions by transaction object.

Statistic indicators:

• Number of transactions used;
• Minimum value;
• Maximum value;
• Average value;
• Cut-off mean (5 %);
• Cut-off mean (10 %);
• Moda (adjusted the most common value based on the breakdown of data in intervals and frequencies within the specified intervals);
• Median;
• Price level.

__Data sets with the breakdown of transactions by transaction object NIP and the breakdown of transactions by object of the transaction __ are reflected in one of the statistical indicators (the title specifies which):

• Number of transactions;
• Total land area;
• Total amount of transactions.

Projects of transactions:

• Apartments;
• Buildings;
• Buildings and engineering structures;
• Engineering structures;
• Groups of premises;
• Land;
• Land with buildings;
• Land with buildings and engineering structures;
• Land with engineering structures.

The tables show only areas where the number of transactions to be used to determine values is at least three.

Published data are informative in nature and are produced automatically without manual transaction analysis. The SLS assumes no legal or financial responsibility for the consequences of using the published information and making the relevant conclusions.

All transaction amounts and prices are in EUR. Information on the possibility to obtain data on real estate market transactions and transaction objects is available on the VZD website.