Ogre Leads Regional Housing Price Growth With 11% Increase

Apartment prices in panel houses outside Riga continue to climb, with Ogre recording the most noticeable increase since the beginning of 2026. Regional real estate markets surrounding the Latvian capital are experiencing varying rates of growth.

Ogre Leads Regional Growth and Price Points

Ogre stands out as the frontrunner among the four municipalities analyzed. Compared to the beginning of the year, Ogre has seen an 11% surge in housing values. This trajectory places Ogre at the top of the regional market both in terms of overall price per square meter and the speed of appreciation.

Salaspils shares the top tier for absolute cost. The municipality registered a matching 0.6% monthly increase in August, pushing its average price per square meter to 913 euros as well. Since the beginning of the year, panel apartments in Salaspils have appreciated by 8%, solidifying its status alongside Ogre as the most expensive among the locations evaluated.

Jūrmala and Jelgava Show Moderate Increases

In Kauguri, located in Jūrmala, prices moved upward at a slightly slower pace. August brought a 0.5% increase, setting the average cost at 887 euros per square meter. Since the beginning of the year, housing in Kauguri has become 7% more expensive.

Jelgava presents a different picture, as panel apartment prices remained unchanged throughout August, holding steady at an average of 800 euros per square meter. Despite this monthly stagnation, the broader trend since the start of the year shows a 4% increase. Jelgava currently records the lowest prices among the four considered municipalities, contrasting with the higher thresholds found in Ogre and Salaspils.