Every third person, or 33% of Latvia’s population, believes that now is a good time to sell their home, according to a survey* conducted by Luminor bank. However, almost as many, or 30% of the population, indicate that, in their view, one should not sell a home at the moment.

The highest number of respondents who would support selling a home right now are in the 30–39 age group. Looking at it by region, residents of Riga express the most confidence that now is a good time to sell, while residents of Vidzeme express the least. The motivation to sell a home can be driven by rising house prices, changes in Euribor interest rates, as well as inflation and wage growth. However, before making a decision, it is worth carefully evaluating not only the current market situation but also looking into the forecasts of industry experts in order to gain the broadest possible insight and understanding of trends in the real estate market.

“As housing prices rise in the market, there tends to be increased interest from the public to sell their homes, thereby attempting to secure the highest possible profit or protect themselves from potential losses if prices were to drop again. However, there is no reason to think at the moment that house prices could fall rapidly in the near future, so there is no need to rush to sell real estate right now. The situation in the Latvian real estate market is currently stable and growth is continuing slowly – along with the rise in the population’s purchasing power, the volume of mortgage loans granted is also increasing. Most of Latvia’s population views the market situation realistically – 71% of survey respondents expect an increase in housing prices, and this is consistent with the opinion of industry experts. It is already clear that the rise in housing prices is continuing, and it is expected that, overall, house prices could grow by another 5–10% this year,” notes Kaspars Sausais, Luminor bank’s head of housing lending.

Luminor bank’s data show that lending activity is also growing – in the first six months of this year, the volume of financing granted for the purchase of homes was 13% higher than in the corresponding period last year. Households are increasingly ready to make long-term decisions about purchasing a home, which is facilitated by a more stable labour market and income situation, as well as greater confidence in economic development. The overall situation leads to the conclusion that although it is a relatively favourable moment to sell real estate at the moment, it certainly does not need to be done in too much of a hurry, as there are no indications that the market situation could change drastically or deteriorate in the near future.

* Luminor bank’s survey was conducted in August 2026 in cooperation with the research agency Norstat, surveying 1,001 respondents in Latvia aged between 18 and 60.