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For every type of property asset, BNP Paribas Real Estate – Valuation has local real estate experts covering your property valuation needs in Latvia.


Property valuation in Latvia

The BNP Paribas Real Estate – Valuation team is able to address the property valuation needs of clients for all asset types in Latvia.

Understanding Latvian property value

Our real estate experts understand the local market and rental values in the Latvian property market

With a population of approximately 1.96 million*, Latvia is strategically located in Eastern Europe and shares a maritime border with Sweden.

Thanks to the help of the European Regional Development fund, Latvia has been able to invest in 70 urban development projects across the country with the goal of improving the country’s business environment, restoring historical sights and enhancing tourism services all while adding to the quality of urban spaces. 

Retail is a major part of the Latvian economy. Developments in Latvian retail real estate favour larger spaces to accommodate growing demand. The sector accounts for 60% of the Latvian property market. **

Property valuation in Latvia is thus intrinsically linked to the country’s latest development projects across all sectors. Our experts understand the importance of such elements in the valuation of your property in Latvia.

Property valuation in the main Latvian business districts

Property valuation in Riga


The capital city of Riga is Latvia’s largest city centre. In 2016, Riga welcomed 2.3 million visitors at Riga International, the largest airport in the Baltic States with direct flights to over 80 destinations in 30 countries. Riga is a major port city as it lies on the Gulf of Riga. Riga port is one of the largest in the Baltic region, and new port developments on Krievu Sala have increased the number of logistics and industrial companies in the port neighbourhood. 

In addition to a dynamic logistics property market, Riga is key financial centre, generating a significant part of the country’s gross national product. A number of premium offices are currently under construction in the city’s business districts, including Z-Towers and Place Eleven. Several mixed-use urban development projects are underway in the area, including Business Garden Riga, Ulmana Offices Park, Jauna Teika, New HanzaCity and Skanstes office building. As a result, office asset value could potentially increase sharply by 2018. These new large developments are expected attract international companies to Riga.**

The city’s retail and hotel industries are centralised in the historic Centra rajons district which is made up of Vecrīga (the old town) and Centrs (the modern-day business district).

In addition, like most European cities, Riga is home to an increasing number of coworking spaces for a growing population of tech and IT professionals. Riga’s tech hub has launched a number of internationally recognised start-ups and technology companies.

Whether you’re a bank, investor or occupier, our valuers can guide you in your property valuations across Latvia.


*Source: World Bank
**Source: BNPPRE Office Handbook 2017

Our team in Latvia : 

Our valuers understand local market and rental values in Latvia’s main property markets. Local BNP Paribas Real Estate Valuation agencies cover all kinds of property assets: from offices and hotels, to logistics and retail.





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