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Latvia

Real Estate Investments Jurmala

region boundaries
Coordinates
57.0° N, 23.8° E
Annual change in housing prices
+11.4%¹
Mortgage rate
4.4%²
Inflation
2.7%³
Income per person per year
$24,980⁴
Latvia · territorial marketing

Real estate in Jurmala: what makes the region interesting

Home prices changed by +11.4%¹ over the year (by country, Q2 2026). Mortgage rate — 4.4%². Central bank key rate — 2.5%⁵. Country's economic growth in 2025 — +2.1%⁶, on average for 2016–2025 — +1.7%⁷ per year. Inflation — 2.7%³ (July 2026), income per capita — $24,980⁴ per year.

Housing market in numbers
Housing prices since 2018
+34%
Housing prices since 2018$1,622 per m²$1,199 per m²20182019202020212022202320242025
Apartment price per m² · data from nearest city: Rīga, 20 km · Eurostat · 2018 – 2025
Annual change in housing prices
+11.4%
Annual change in housing prices+17.4%+0.7%201620182020202220242026
by country · BIS · Q1 2016 – Q2 2026
Housing Price Index
index 290.6
Housing Price Indexindex 290.6index 128.8201620182020202220242026
by country · BIS · Q1 2016 – Q2 2026
1-bedroom rent
$990 per month
1-bedroom rent$990 per month$683 per month20212022202320242025
data from nearest city: Riga, 20 km · Eurostat · 2021 – 2025
2-bedroom rent
$1,309 per month
2-bedroom rent$1,309 per month$1,059 per month20212022202320242025
data from nearest city: Riga, 20 km · Eurostat · 2021 – 2025
3-bedroom rent
$1,765 per month
3-bedroom rent$1,765 per month$1,537 per month20212022202320242025
data from nearest city: Riga, 20 km · Eurostat · 2021 – 2025
House rent
$2,789 per month
House rent$2,789 per month$2,391 per month20212022202320242025
data from nearest city: Riga, 20 km · Eurostat · 2021 – 2025
Rent per m² per year
$78.83 per m² per year
Rent per m² per year$78.83 per m² per year$33.96 per m² per year’15’16’17’18’19’20’21’22’23
data from nearest city: Rīga, 20 km · Eurostat · 2015 – 2023
Mortgage rate
4.4%
Mortgage rate5.9%2.3%201620182020202220242026
by country · ECB · Jan 2016 – Aug 2026
Central bank key rate
2.5%
Central bank key rate4.5%0%201620182020202220242026
by country · BIS · Jan 2016 – Sep 2026
Country economy in numbers
Inflation
2.7%
Inflation22.2%-0.9%201620182020202220242026
by country · World Bank · Jan 2016 – Jul 2026
Income per person per year
$24,980
Income per person per year$25K$14.3K’16’17’18’19’20’21’22’23’24’25
by country · World Bank · 2016 – 2025
Economic growth
+2.1%
Economic growth+6.9%-3.5%’16’17’18’19’20’21’22’23’24’25
by country · World Bank · 2016 – 2025
Unemployment
6.6%
Unemployment9.6%6.3%’16’17’18’19’20’21’22’23’24’25
by country · World Bank · 2016 – 2025
Natural anchors

Nature and climate of Jurmala

≈ m above sea level — low: coastal zone at risk of sea level rise.
Water
4 °C⁸ in January · 18 °C⁸ in July
Precipitation
833 mm⁹ per year
Hotels
199¹⁰ accommodation properties within 50 km radius
Average temperatures and precipitation by month
Loading climate data…
Society, language, religion

How Life is Organized in Jurmala

Country population
1.8M¹¹
Political stability
80 out of 100¹²
Unemployment
6.6%¹³
Population and stability
Country population
1.8M
Country population2M1.8M’16’17’18’19’20’21’22’23’24’25
by country · World Bank · 2016 – 2025
Political stability
80 out of 100
Political stability80 out of 10077 out of 100’16’17’18’19’20’21’22’23’24’25
by country · World Bank · 2016 – 2025