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Meanwhile, the percentage of Latvians expecting housing prices to drop in the next 12 months decreased by 2%, from 11 % in the previous quarter to 9%.

The number of respondents expecting housing prices to remain flat decreased by 3%, to 25%, and 17% of respondents in the poll had no opinion about housing price dynamics.

The respondents projecting housing price hikes were mostly people with basic education, people in managerial positions, as well as residents of Vidzeme and Zemgale. The smallest number of respondents expecting housing prices to rise were among non-citizens, agricultural workers and residents of Latgale.

The survey shows that after an interval of several months the number of respondents expecting housing prices to climb has grown again in Riga, with 51% of respondents in the Latvian capital projecting property prices to go up in the next 12 months. In the previous quarter this answer was given by 43% of respondents in Riga.