Riga apartment market in 2026: activity is increasing and prices are reaching new records

Riga apartment market in 2026: activity is increasing and prices are reaching new records

The beginning of 2026 in the Riga real estate market is marked by a clear increase in activity. After a calmer end of the year, the market is gradually recovering, and the number of transactions is increasing every month.

In February, transaction activity was 4% higher than in January, and in March it continued to grow, exceeding February’s figures. This indicates a return of buyer confidence and a more stable market dynamic.

Average transaction value — a new record

A particularly important indicator is the average transaction value, which reached €96,750 in the first quarter of 2026, setting a new record.
This confirms:
• increasing demand for quality properties
• price stabilization and gradual growth
• buyers’ willingness to invest in higher-value properties

What does this mean for buyers and sellers?

For sellers:
This is a favorable time to sell property — activity is returning to the market, and prices are reaching higher levels.

For buyers:
Although prices are rising, the market still offers opportunities, especially for those who act in time and make well-considered decisions.

Expert opinion
The market is becoming more active and dynamic. We see that demand is returning, and quality properties are being sold faster and faster.
If you are planning to sell or purchase real estate — this is the moment when it is important to make the right strategic decision.

Contact us
Ekspert Real Estate will help you make the right decisions in the real estate market — from the first consultation to a successful transaction.