Get all the data you need about the real estate market in Latvia
This blog post is constantly updated so that you always have access to the freshest land price data for Latvia.
All figures reflect the residential buildable land market in Latvia as of 2026.
Prices are sourced from official Latvian transaction registries, major real estate portals, and professional market reports.
And if you're planning to buy a property in this place, you may want to download our real estate pack about Latvia.
A quick summary table
| Metric | Value |
|---|---|
| Most expensive neighborhood for land in Latvia | Jurmala (Majori/Dzintari) |
| Most affordable neighborhood for land in Latvia | Rezekne |
| Average price per square meter across all Latvia neighborhoods | Around 93 euros per square meter |
| Median plot price across Latvia | Around 85,000 euros |
| Lowest realistic starting budget to buy land in Latvia | Around 20,000 euros (Rezekne) |
| Most expensive plot size category in Latvia | Large plot (1,500 to 3,000 square meters) |
| Most affordable plot size category in Latvia | Small plot (600 to 900 square meters) |
| Average price for a small plot in Latvia | Around 65,000 euros |
| Average price for a medium plot in Latvia | Around 107,000 euros |
| Average price for a large plot in Latvia | Around 186,000 euros |
| Price gap between the most and least expensive Latvia neighborhoods | About 6 times more expensive (Jurmala vs Rezekne) |
| Price dispersion across Latvia neighborhoods | Wide, from 40 euros per square meter to 250 euros per square meter |
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Neighborhoods in the 2026 Latvia land market ranked by land purchase price
This table ranks the top neighborhoods in the Latvia land market by land purchase price, from the most expensive to the most affordable.
For each neighborhood, the table includes the average price per square meter, the median plot price, the starting budget, the average price for a small plot, a medium plot, and a large plot, the typical land use, the key advantages, the key drawbacks, and the market segment.
Finally, please note you'll find much more detailed data in our real estate pack about Latvia.
| Rank | Neighborhood | Average Price per Square Meter | Median Plot Price | Starting Budget | Average Price for a Small Plot | Average Price for a Medium Plot | Average Price for a Large Plot | Typical Land Use | Key Pros | Key Cons | Market Segment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Jurmala (Majori/Dzintari) | 250 euros per m2 | 220,000 euros | 120,000 euros | 160,000 euros | 260,000 euros | 450,000 euros | Luxury villa build | Prime coastal location on the Baltic Sea, full utility connections already in place, strong resale demand, and a high-end neighborhood reputation that holds value well | Very high entry prices, strict zoning rules that limit what you can build, limited availability of vacant plots, and a seasonal flooding risk in some coastal areas | Prime Land |
| 2 | Riga Centre (Mezaparks) | 180 euros per m2 | 180,000 euros | 100,000 euros | 130,000 euros | 200,000 euros | 350,000 euros | Custom home construction | One of Riga's most prestigious residential areas, excellent infrastructure across the board, generous plot sizes, and strong long-term value stability | Very limited supply of vacant plots, high entry cost, strict building regulations that slow down the construction process, and premium property taxes | Prime Land |
| 3 | Riga (Agenskalns) | 150 euros per m2 | 140,000 euros | 80,000 euros | 100,000 euros | 160,000 euros | 280,000 euros | Urban residential build | Close to Riga city center, good public transport connections, established utilities already in place, and strong buyer demand that supports future resale | Plots tend to be smaller than in suburban areas, very limited supply of new land coming onto the market, higher competition among buyers, and a surrounding environment that can require renovation investment | High-Value Land |
| 4 | Riga (Teika) | 140 euros per m2 | 130,000 euros | 75,000 euros | 95,000 euros | 150,000 euros | 260,000 euros | Family home build | Well-developed infrastructure, schools nearby, flat terrain that keeps construction costs down, and reliable utility connections throughout the area | Moderate noise levels from surrounding urban activity, limited supply of vacant land, and zoning restrictions on certain streets that reduce what you can build | High-Value Land |
| 5 | Riga Suburbs (Marupe) | 120 euros per m2 | 120,000 euros | 70,000 euros | 85,000 euros | 140,000 euros | 240,000 euros | New house development | One of the most popular Riga suburbs for new builds, modern infrastructure, and very convenient proximity to both Riga International Airport and the city center | Prices have grown rapidly in recent years, strong competition for the best plots, and some areas are still under active development with incomplete roads or services | High-Value Land |
| 6 | Riga Suburbs (Adazi) | 100 euros per m2 | 100,000 euros | 60,000 euros | 70,000 euros | 120,000 euros | 210,000 euros | Family home construction | Quiet residential environment, good road access to Riga, growing local infrastructure, and an increasingly attractive option for families looking for more space | Further from Riga city center than other suburbs, fewer public transport options, and utility expansion is still ongoing in some parts of the area | Mid-Range Land |
| 7 | Riga Suburbs (Salaspils) | 85 euros per m2 | 85,000 euros | 50,000 euros | 60,000 euros | 100,000 euros | 180,000 euros | Affordable home build | Lower land prices than Riga proper, decent infrastructure, reasonable proximity to Riga, and growing residential zones that are attracting more new builds each year | Industrial activity nearby in certain pockets, mixed neighborhood quality across the area, and less prestige than closer-in Riga suburbs | Mid-Range Land |
| 8 | Jelgava | 70 euros per m2 | 70,000 euros | 40,000 euros | 50,000 euros | 85,000 euros | 150,000 euros | Budget home build | Affordable entry point for Latvia land buyers, good road connections to Riga, expanding residential areas, and flat terrain that keeps building costs manageable | Limited high-end demand compared to Riga-area markets, fewer local amenities, and slower capital appreciation over time | Affordable Land |
| 9 | Liepaja | 65 euros per m2 | 65,000 euros | 35,000 euros | 45,000 euros | 80,000 euros | 140,000 euros | Coastal home build | Latvia's third-largest city with a coastal location, affordable land prices, improving local infrastructure, and some tourism-driven potential for future value growth | Weaker local job market compared to Riga, slower resale liquidity, and variable infrastructure quality across different parts of the city | Affordable Land |
| 10 | Valmiera | 55 euros per m2 | 55,000 euros | 30,000 euros | 40,000 euros | 70,000 euros | 120,000 euros | Family home build | Stable regional economy, good local schools, a quiet living environment, and land prices that remain genuinely affordable by any Latvia standard | Smaller buyer pool than Riga-area markets, limited resale demand if you want to sell quickly, and price growth has been slower than in the capital region | Entry-Level Land |
| 11 | Daugavpils | 45 euros per m2 | 45,000 euros | 25,000 euros | 30,000 euros | 60,000 euros | 100,000 euros | Low-cost home build | Very low land prices by Latvia standards, large plots readily available, minimal competition from other buyers, and a quiet surrounding environment | Weak buyer demand, limited economic growth prospects, and resale liquidity is a real challenge if you need to sell in the short or medium term | Entry-Level Land |
| 12 | Rezekne | 40 euros per m2 | 40,000 euros | 20,000 euros | 28,000 euros | 55,000 euros | 90,000 euros | Entry-level build | The most affordable land entry point in Latvia, generous plot sizes, very low competition, and a straightforward acquisition process with few complications | Very low buyer demand, limited local infrastructure, and price appreciation potential is minimal based on current Latvia market trends | Entry-Level Land |
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Key insights about land purchase prices in Latvia
Insights
- Jurmala land in 2026 costs about 6 times more per square meter than land in Rezekne, which means where you buy in Latvia matters far more than almost any other decision you will make as a buyer.
- Marupe, just southwest of Riga near the airport, has seen some of the fastest price growth of any Latvia suburb in recent years, and that trend is still running in 2026.
- The median plot price in Riga suburbs sits at around 100,000 euros in 2026, which is a practical affordability threshold to keep in mind when planning your budget.
- A small plot in Riga costs between 90,000 and 130,000 euros in 2026, which makes land in the capital effectively out of reach for most first-time buyers working alone.
- Latvia land buyers consistently prioritize utility access over location alone, meaning a plot that is already connected to water, electricity, and sewage will sell faster and at a higher price than one that is not, regardless of where it sits.
- Regional cities in eastern Latvia like Daugavpils and Rezekne offer plots under 50,000 euros in 2026, a price level that is genuinely rare across EU land markets today.
- Larger plots above 1,500 square meters tend to offer better value per square meter than small plots in Latvia, so buyers with more budget often get more land for their money by going bigger.
- Jelgava acts as a transition zone between the Riga market and the cheaper regional Latvia markets, making it a useful reference point when deciding how far from the capital you are willing to go.
- Flood risk in certain Jurmala coastal plots is a real factor that slightly suppresses prices in specific areas, even within that premium market segment.
- The price gap between Riga-area land and land in the rest of Latvia exceeds a 3-to-1 ratio in 2026, confirming that the capital region continues to dominate demand in the country.
- Latvia land markets in the east remain price-stable in 2026, but stable here means slow-growing, not rising, so buyers looking for capital appreciation should focus on the Riga corridor instead.
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About our methodology
We also believe it is important to show our reasoning. It is one of the ways we make our work solid, transparent, and rigorous, just as you will see in our real estate pack about Latvia.
First, please note that this data is updated regularly, so what you see here reflects the current values as of today.
In order to get reliable data, we applied a strict source filter. We only used authoritative, verifiable sources focused specifically on the Latvia residential land market, not random listings or unsupported figures. More on that point below.
For each neighborhood, we aggregated the freshest Latvia land purchase price data available. When possible, we cross-checked multiple sources to confirm the same price range.
This allowed us to estimate the average price per square meter and the median plot price for each neighborhood across Latvia.
We also calculated the starting budget, which represents the lowest realistic entry point to buy a residential buildable plot of land in that neighborhood. This is not the cheapest possible listing, but a real, achievable floor for a standard Latvia land purchase.
For each plot size category, we estimated an average purchase price based on local Latvian market conventions. The typical size range for a small, medium, and large plot can vary across neighborhoods in Latvia, so we adapted our estimates accordingly.
These estimates were not applied as one flat number across the country. They were adjusted by neighborhood and plot size to better reflect local Latvia land market conditions and price levels.
This table should therefore be read as a structured market estimate, not as an exact guarantee of transaction prices. Honesty, quality, and rigor are at the core of our work, and they are also what you will find in our real estate pack about Latvia.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our real estate pack about Latvia, we rely on verifiable sources and a transparent methodology.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why it's authoritative | How we used it |
|---|---|---|
| Central Statistical Bureau of Latvia | It is the official national statistics provider for Latvia and publishes verified data on real estate transactions across the country. | We used it to understand regional price differences and land transaction trends across Latvia. We relied on its datasets to anchor our baseline pricing levels for each neighborhood. |
| Land Register of Latvia | It is the official registry of all real estate transactions in Latvia and records actual sale prices, not just asking prices. | We used it to validate actual transaction prices and median values across Latvia neighborhoods. We cross-checked neighborhood-level price ranges using recorded sales data from the register. |
| Bank of Latvia | It is the Latvian central bank and publishes regular real estate market analysis reports grounded in macroeconomic data. | We used it to understand the broader trends affecting Latvia land prices in 2026. We applied its insights to adjust our pricing assumptions for the current market conditions. |
| Ober-Haus Real Estate Advisors | It is one of the leading real estate consultancies in the Baltics and publishes detailed neighborhood-level market reports for Latvia. | We used it for neighborhood-level insights and land pricing trends specific to the Latvia market. We triangulated their professional reports with official data to improve the accuracy of our estimates. |
| Arco Real Estate | It is one of Latvia's most active real estate firms with deep local market knowledge and a large volume of land transactions. | We used it to identify active land markets and popular neighborhoods across Latvia. We used their listing data to estimate realistic plot price ranges for each area. |
| City24 Latvia | It is a major Latvian property portal that aggregates a large volume of residential land listings and transaction data. | We used it to extract asking price ranges for land plots across Latvia neighborhoods. We compared listings across multiple areas to check for internal consistency in our estimates. |
| SS.lv Real Estate Section | It is the largest classifieds platform in Latvia and provides the broadest view of land supply and entry-level pricing across the country. | We used it to capture real-time supply conditions and entry-level pricing for land plots in Latvia. We filtered listings to include only residential buildable plots so our data stayed relevant to the target buyer. |
| Riga City Development Department | It is the official authority on zoning and urban planning in Riga and publishes clear guidance on where residential land can be built on. | We used it to confirm which areas within Riga and its surroundings are legally designated as buildable for residential use. We excluded plots from our analysis that carry zoning restrictions or are otherwise not buildable. |
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