This year, the real estate market is very active.
Comparing the first 9 months of 2024 and 2025 by number of transactions, the growth in transaction volume in Riga is 15.7%!
This is particularly important because these are the best figures in the last 15 years!
What are the reasons? The main one is pent-up demand - in 2023 and 2024, mortgage rates were high, but they have since decreased and stabilized. The second reason is the overall state of the economy and people's confidence in the future, which is reflected in rising wages, increased consumption of goods and services.
Banks are also actively issuing mortgage loans, and with bank financing, two-thirds of all transactions take place.
From January through the end of September 2025, 8,357 new mortgage agreements were registered in the Riga Land Register, compared to 6,683 a year ago. That's a 25% increase!
As for Jurmala, in the first nine months of this year there were 1,087 sales, compared to 998 sales for the same period last year. This represents an 8.9% increase!
According to experts, this year will be very successful, and there will also be many transactions in the final months of the year.
Based on our observations, this year is indeed very active - for example, we managed to sell properties that hadn't sold for several years before, despite price reductions.
If you also want to sell or buy real estate, please contact us - we'll be happy to help!
Have questions? We look forward to your email or call!
Phone number: +371 29774775 (Viber, WhatsApp)
Email: info@kominvest.com