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In April 2026, there was an increase in the prices of standard-type apartments in Riga housing estate - during the month, the average price of standard-type apartments increased by 2.1%, rising to 947 EUR/m².
The average price of standard-type apartments exceeded the figure of January 2009 (934 EUR/m²) for the first time. The average price increase in April is the highest monthly increase in recent years. Overall, apartment prices have increased by an average of 7% since the beginning of 2026. The reason for the price increase was still the low supply of apartments in all Riga housing estates. At the same time, the supply of apartments continued to increase in April.
The number of apartment offers has increased since the beginning of the year, however, it was still significantly lower than in April 2025, when there were around 1,600 apartments on offer in the largest housing estates of Riga.
In the largest housing estates of Riga, apartment prices have increased by 4-9% since the beginning of 2026. The largest price changes were observed in Imanta, where they increased by 9% this year. Also in Āgenskalns, Purvciems and Pļavnieki this year, the increase in prices for standard-type apartments was relatively greater than in other housing estates - prices increased by 8% on average. In the other housing estates of Riga, price changes did not exceed 7% this year. The smallest price changes were observed in the cheapest housing estate - Bolderāja.
In April, the average price of standard-type apartments increased to 947 EUR/m Prices were on average 42% 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 April for one-room apartments (+2.5%), two-room apartments (+2.2%), three-room apartments (+2.1%) and four-room apartments (+1.1%). Since the beginning of this year, the price of two-room apartments has increased the most (+7.7%).
Compared to the previous month, in April, the supply of apartments in Riga increased by 4%, while in the largest housing estates of Riga analyzed by “ARCO REAL ESTATE” it increased by 7%. Compared to April 2025, the supply of apartments was generally lower: the total number of apartments offered for sale was 22% lower, while the supply of apartments in the largest housing estates was 30% lower.
Summarizing the number of apartments offered for sale in Riga housing estates, it can be concluded that the largest supply in April still was in Āgenskalns, while the smallest supply was in Bolderāja.
In April, the number of apartment offers in the largest housing estates of Riga both increased and decreased. However, in general, the number of offers was higher than in the previous month. The number of offers increased the most in April in Ķengarags (+34%). The number of apartment offers decreased the most in April in Bolderāja (-15%).
In April, 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 Zolitūde was proportionally the smallest.
In April, changes could be observed in the prices of standard-type apartments in Riga housing estates. An increase in the average price of apartments could be observed in all the largest housing estates of Riga. The largest increase in the average price was recorded in Āgenskalns, where prices increased by 3% during the month. In April, the smallest increase in apartment prices was recorded in Ziepniekkalns.
Compared to the beginning of 2026, in April, 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 April remained in Teika, where the average price per square meter increased to 1,141 EUR/m². The lowest average price per square meter in April was in Bolderāja (708 EUR/m²), which also increased compared to the previous month.
In April, 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 56 000 to 59 000 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 33 000 to 47 000 EUR, and the so-called Khrushchev-time houses, where the price of a 2-room apartment varied from 31 000 to 49 000 EUR depending on the housing estate.
18.05.2026.