Key Market Indicators
Latvia's real estate market is projected to see significant growth, with revenue anticipated to reach €2.1 billion by 2028. This marks an increase from the estimated €1.86 billion in 2023, growing at an average annual rate of 1.9%. Since 2010, the Latvian real estate market has experienced a consistent rise, averaging a year-on-year growth rate of 3.5%. In 2023, Latvia ranked 25th in the European real estate market standings, just behind Lithuania, which also recorded €1.86 billion in revenue. Leading the European real estate market are France, the United Kingdom, and Sweden, occupying the second, third, and fourth positions respectively.
