House prices in Latva fell by 0.2% in the fourth quarter of 2024, according to Eurostat data published April 8.
Compared with the previous quarter, prices decreased in 6 countries, remained stable in 2 (Malta and Finland) and increased in 18 countries. The largest falls were registered in France, Cyprus (both -1.0%) and Estonia (-0.7%), while the highest increases were recorded in Slovakia ( 3.6%), Slovenia ( 3.1%) and Portugal ( 3.0%).
Over the longer term though Latvian house prices have enjoyed some of the EU’s strongest growth.
From 2010 until Q4 2024, in the EU, rents increased by 26.7% and house prices by 55.4%. Over the same period, house prices more than tripled in Hungary ( 234%) and Estonia ( 228%) and have more than doubled in Lithuania ( 187%), Latvia ( 153%), Czechia ( 142%), Portugal ( 120%), Bulgaria ( 115%), Austria ( 112%) and Luxembourg ( 105%). Italy was the only country where house prices decreased during this period (-4%).
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