October 2026 at a Glance

House Prices and Trends

The national house price index for Latvia rose 11.4% year on year in Q2 2026 and was +3.9% against the previous quarter, according to Eurostat, House price index (prc_hpi_q). A year earlier the annual rate was +6.5%, so growth has picked up over twelve months. Recent quarters show the pace building rather than fading.

House price index, % change year on yearQ3 2024+5.2%Q4 2024+7.3%Q1 2025+5.4%Q2 2025+6.5%Q3 2025+7.9%Q4 2025+10.5%Q1 2026+10.3%Q2 2026+11.4%

Financing and Interest Rates

The European Central Bank’s policy rate was 2.50% in September 2026 (BIS, Central bank policy rates). That is a rise of 0.25 points from 2.25% the month before. Rates are 0.50 points higher than a year ago, which raises the cost of borrowing and tends to cool price growth with a lag of two to four quarters. The average rate on new mortgages to households in Latvia was 4.35% in August 2026 (ECB, Bank interest rates — loans to households for house purchase (MIR)), compared with 3.95% a year earlier.

Latvia in the News

• Latvia ends property golden visa as lawmakers target fund route – ETIAS.com (ETIAS.com, 28 Sep 2026)
• Latvia Reshapes Its Golden Visa : Property Route Ends Under New Immigration Law – Get Golden Visa (Get Golden Visa, 18 Sep 2026)
• Portugal, Greece, UAE or Latvia? A look at 15 easiest residency routes in 2026 – The Economic Times (The Economic Times, 5 Oct 2026)
• Shadow economy still present in Latvia's housing market / Article – LSM (LSM, 3 Oct 2026)
• Latvia Promulgates New Immigration Law; Golden Visa Property and Deposit Routes End September 14 – IMI Daily (IMI Daily, 3 Sep 2026)
• Latvia Golden Visa: New 2026 Rules & Updates – Get Golden Visa (Get Golden Visa, 18 Sep 2026)

Reading the Trend

What to watch next month

• The next quarterly release of the house price index for Latvia (Q2 2026 is the latest) — whether annual growth keeps accelerating.
• Upcoming decisions by the European Central Bank — any move from 2.50% feeds through to mortgage pricing within weeks.

What This Means for Buyers, Sellers and Investors

Sources

• Eurostat, House price index (prc_hpi_q)
• BIS, Central bank policy rates
• ECB, Bank interest rates — loans to households for house purchase (MIR)
• Headlines via Google News RSS; content belongs to the linked publishers.

Previous edition: Latvia Real Estate Market Report — September 2026

Cover photo: Riga Skyline Panorama, Latvia – Diliff by Diliff via Wikimedia Commons, CC BY-SA 3.0.

Methodology: all figures are taken directly from the free public statistical sources linked above, for the periods stated; official statistics are published with a lag, so the latest available release is used. Commentary is generated from those figures by rule and reviewed before publication. Nothing here is financial advice.