Farmland prices in Latvia continue to evolve and we have prepared a detailed overview of the market situation in the first quarter of 2025. Land values are influenced by a number of factors, including land quality, location and access to infrastructure.
Key findings:
✔️ The quality of land is one of the most important aspects determining its productivity and market value. In Latvia, the weighted average score for land quality is 38 out of 100.
✔️ The price of land is higher in areas with a land quality score above 40 and good access to main roads.
✔️ Agricultural land prices are highest in Zemgale and lowest in Latgale.
Average regional prices for agricultural land:
📍 Latgale ~ 3500 EUR/ha
Rezekne region: EUR 3000/ha
Jekabpils region: EUR 4000/ha
📍 Zemgale ~ 9000 EUR/ha
Bauska region: EUR 9000/ha
Jelgava region: EUR 10 000/ha
📍 Kurzeme ~ 6000 EUR/ha
South Kurzeme, Ventspils, Saldus and Talsi regions: EUR 6000/ha
📍 Vidzeme ~ 4500 EUR/ha
Valmiera region: EUR 5000/ha
Aluksne region: EUR 4000/ha
What influences the price of agricultural land?
The price of agricultural land is influenced by a number of factors, including:
- Soil fertility and quality - a higher fertility score means a higher potential yield.
- Location - proximity to major roads and markets adds value.
- Access to infrastructure - electricity grid, drainage system and access for agricultural machinery.
- Market demand - investor interest and farmers' demand for additional land.
For more detailed analysis and expert opinions on farmland prices in Latvia in the first quarter of 2025, watch the full video!
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