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Market overview: Standard-type apartments, July 1, 2026

  • In June 2026, price changes were observed in the prices of standard-type apartments in Riga housing estates - during the month, the average price of standard-type apartments increased by 0.3%. The average price of standard-type apartments in June increased to 959 EUR/m².


The average price increase recorded in June this year was the smallest. Overall, apartment prices have increased by an average of 8% since the beginning of 2026. Consequently, the price growth for standard-type apartments this year is twice as high as in the whole of 2025.

 

The number of apartments offered for sale decreased in June, as it does every year. The drop was not as sharp as last year, yet the supply remained significantly lower than in the previous year. In June 2026, there were only slightly over 1,100 apartments on offer in Riga’s largest housing estates.

 

In Riga's largest housing estate, apartment prices have increased by 5-12% since the beginning of 2026. The largest changes in apartment prices were observed in Imanta, where they increased by 12% this year. Also in Āgenskalns, Zolitūde and Pļavnieki this year, the increase in prices for standard-type apartments was relatively greater than in other housing estates - prices increased by 9% on average. In other Riga housing estates, price changes did not exceed 8% this year. The smallest changes in prices were observed in the cheapest housing estate in terms of prices - Bolderāja, as well as in the most expensive housing estate - Teika. In both of these districts, the increase in apartment prices was 5% on average.

 

In June, the average price of standard-type apartments increased to 959 EUR/m². Prices were on average 41% lower than on August 1, 2007, when the average price of an unrenovated standard-type apartment reached an all-time highest level of EUR 1,620/m².

 

The average price per square meter of standard-type apartments increased in June for one-room apartments (+0.2%), two-room apartments (+0.1%), three-room apartments (+0.5%) and four-room apartments (+0.1%). Since the beginning of this year, the price of two-room apartments has increased the most (+8.7%).

 

Compared to the previous month, in June, the supply of apartments in Riga decreased by 4%, while in the largest housing estates of Riga analyzed by “ARCO REAL ESTATE” it increased by 2%. Compared to June 2025, the supply of apartments in June 2026 was generally lower: the total number of apartments offered for sale was 15% lower, while the supply of apartments in the largest housing estates was 23% lower.

 

Summarizing the number of apartments offered for sale in Riga housing estates, it can be concluded that the largest supply in June still was in Āgenskalns, while the smallest supply was in Bolderāja.

 

In June, the number of apartments offered for sale in the largest housing estates of Riga both increased and decreased. However, overall, the number of apartments offered for sale was lower than last month. The number of offers increased the most in June in Ziepniekkalns (+15%) while decreased the most in Mežciems (-23%).

 

In June, when analysing the number of apartments offered for sale in proportion to the size of the housing estate, i.e., by population, the largest number of apartments offered for sale was found in Āgenskalns. In contrast, the number of apartments offered for sale in Bolderāja was proportionally the smallest.

 

In June, changes could be observed in the prices of standard-type apartments in Riga housing estates. In all the largest housing estates of Riga, except Purvciems and Zolitūde, changes in the average price of apartments could be observed. The largest increase in the average price was observed in Āgenskalns, where prices increased by 0.8% during the month. In June, the average price per square meter of apartments in Vecmīlgrāvis and Bolderāja slightly decreased.

 

Compared to the beginning of 2026, in June, prices for standard-type apartments were higher in all major housing estates of Riga. The highest average price per square meter of an apartment was in Teika, but the lowest was still in Bolderāja.

 

The highest prices for standard-type apartments in June remained in Teika, where the average price per square meter increased to 1,146 EUR/m². The lowest average price per square meter in June was in Bolderāja (714 EUR/m²), which decreased compared to the previous month.

 

In June, the most expensive apartments still were apartments in the houses of the series 119 and 104, where the price of 2-room apartments in a satisfactory condition varied from 57 000 to 60 000 EUR depending on the location. In turn, the so-called Lithuanian design houses were the cheapest ones, where the price of 2-room apartments varied from 34 000 to 47 000 EUR, and the so-called Khrushchev-time houses, where the price of a 2-room apartment varied from 33 000 to 49 000 EUR depending on the housing estate.

 

Apartment market in the vicinity of Riga

 

Ogre

 

In June 2026, the prices of standard-type apartments increased by 1% in Ogre. The average price of one square meter of apartments reached 972 EUR/m². Apartment prices in Ogre in May were 10% higher than at the beginning of 2026.

 

Kauguri, Jūrmala

 

In Kauguri, in June 2026, the prices of standard-type apartments increased by 0.4%. The average price of standard-type apartments in June was 883 EUR/m². Since the beginning of 2026, apartment prices in Kauguri have increased by 7%.

 

Salaspils

 

In June 2026, the prices of standard-type apartments in Salaspils increased by 0.2%. The average price per square meter of apartments increased to 902 EUR/m². In June, the prices of standard-type apartments in Salaspils were 6% higher than at the beginning of this year.

 

Jelgava

 

Apartment prices in Jelgava remained practically unchanged in June 2026. The average price of standard-type apartments in Jelgava in June was 799 EUR/m². In Jelgava, the prices of standard-type apartments in June were 4% higher than at the beginning of 2026.


13.07.2026.

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