* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.
Currency conversion factor: (EUR -> USD) = 1.186
The industry classification is based on the NACE Rev.2 - system in Latvia. The industry “buying and selling of own real estate“ has the code “L681“.
The revenues of the buying and selling of own real estate sector in Latvia are projected to decline from *** million U.S. dollars in 2015 to *** million U.S. dollars by 2023. This can be attributed to the high prices of residential and commercial properties, which have resulted in weak demand. In fact, the house price index has been rising steadily and stood at 130 index points in the quarter ending June 2018, much higher as compared to the European average. As a result, consumers are increasingly turning towards rental properties, which is one of the main reasons the revenues of the rental and operating of own or leased real estate sector are projected to grow ** percent between 2010-2022. In 2018, the average monthly rental cost for apartments in the capital city of Riga amounted *** U.S. dollars, amongst the lowest in the EU.
With the outbreak of the corona virus, housing sales are projected to decline further in the short to medium term, as consumers are expected to curtail their discretionary spending.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Use ÌÇÐÄÆƽâ°æ now:
unlimited access to all content
Learn more about how ÌÇÐÄÆƽâ°æ can support your business.
Eurostat. (April 1, 2019). Industry revenue of »buying and selling of own real estate« in Latvia from 2011 to 2023 (in million U.S. Dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 05, 2026, from /forecasts/393716/buying-and-selling-of-own-real-estate-revenue-in-latvia/
Eurostat. "Industry revenue of »buying and selling of own real estate« in Latvia from 2011 to 2023 (in million U.S. Dollars)." Chart. April 1, 2019. ÌÇÐÄÆƽâ°æ. Accessed August 05, 2026. /forecasts/393716/buying-and-selling-of-own-real-estate-revenue-in-latvia/
Eurostat. (2019). Industry revenue of »buying and selling of own real estate« in Latvia from 2011 to 2023 (in million U.S. Dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 05, 2026. /forecasts/393716/buying-and-selling-of-own-real-estate-revenue-in-latvia/
Eurostat. "Industry Revenue of »buying and Selling of Own Real Estate« in Latvia from 2011 to 2023 (in Million U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 1 Apr 2019, /forecasts/393716/buying-and-selling-of-own-real-estate-revenue-in-latvia/
Eurostat, Industry revenue of »buying and selling of own real estate« in Latvia from 2011 to 2023 (in million U.S. Dollars) ÌÇÐÄÆƽâ°æ, /forecasts/393716/buying-and-selling-of-own-real-estate-revenue-in-latvia/ (last visited August 05, 2026)
Industry revenue of »buying and selling of own real estate« in Latvia from 2011 to 2023 (in million U.S. Dollars) [Graph], Eurostat, April 1, 2019. [Online]. Available: /forecasts/393716/buying-and-selling-of-own-real-estate-revenue-in-latvia/
