Geographic Information

Description of Latvia
The property market in Latvia is ticking over quite nicely with no evidence that any kind of boom or bust is on the imminent horizon. Property values once again began rising in 2011 after three years of painful declines, with 2013 having brought along further gains in the region of 3 per cent. Rental yields in Riga are impressively high and tend to vary between 5.5 per cent and 8 per cent, while the call for short-term rents by vacationers is high for most of the year. Seasonal rent yields in the summer resort of Jurmala and the winter hotspot of Sigulda are also extremely promising, but in both cases offer little for the rest of the year during their respective off-seasons.

Current Property Prices in Latvia

552 properties listed for sale in Latvia

1 bed apartments:

18 listed for sale
£46,178 to £279,729
Average: £98,703

2 bed apartments:

95 listed for sale
£56,656 to £399,614
Average: £252,294

3 bed apartments:

47 listed for sale
£87,915 to £461,776
Average: £280,609

2 bed houses:

14 listed for sale
£133,116 to £1,776,060
Average: £499,299

3 bed houses:

102 listed for sale
£124,324 to £2,220,075
Average: £475,945

4 bed houses:

108 listed for sale
£124,324 to £3,108,105
Average: £654,723

5 bed houses:

32 listed for sale
£230,888 to £2,486,484
Average: £777,664

Studios:

1 listed for sale
£46,178 to £46,178
Average: £46,178

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Key Facts:

Currency: EURO
Time Zone: Eastern European Time Zone
DialCode: 371
Languages: Latvian
Capital: Riga
Population: 2,070,371
GDP: $34.118 billion
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