Housing stock of Latvia in 2007

16.06.2008

At the end of 2007 the total floor space of the housing stock of Latvia amounted for 60.1 mln m2, according to the Central Statistical Bureau. Approximately two thirds of the total housing stock are located in urban areas and one third is in rural areas. One of the main indicators characterising the housing stock is the total floor space on average per resident inhabitant; in 2000 it was 22.6 m2, in 2006 - 25.7 m2, and in 2007 – 26.4 m².

Key indicators of the housing stock(at the end of the year, mln m2 of the total floor space)

2000

2005

2006

2007

Total

53,5

57,0

58,7

60,1

Of which:

Public sector

12,9

8,1

7,8

7,6

Private sector

40,6

48,9

50,9

52,5

On average per inhabitant, m2

22,6

24,8

25,7

26,4

Urban housing stock

34,8

37,1

38,2

39,1

Of which:

Public sector

10,2

6,3

6,1

5,9

Private sector

24,6

30,8

32,1

33,2

On average per urban inhabitant, m2

21,5

23,8

24,6

25,4

Rural housing stock

18,7

19,9

20,5

21,0

Of which:

 

 

 

 

Public sector

2,7

1,8

1,7

1,7

Private sector

16,0

18,1

18,8

19,3

On average per rural inhabitant, m2

25,0

27,1

28,0

28,8

As a result of the privatisation of central and local government-owned residential buildings the ownership structure of the housing stock has changed. At the end of 2000 the share of the private sector in the housing stock was 76%, but by the end of 2007 it has increased to 87% of the total housing stock.

In 2007 the construction of new residential buildings continued actively. Last year the total floor space of the commissioned private residential buildings comprised 1188.4 thsd m², of which family houses represented 474.1 thsd m² or 40% of the total buildings commissioned. Compared to 2006, commissioning of residential buildings in 2007 has increased by 46%.

Number residential buildings completed has increased from 0.9 thsd in 2000 to 5.9 thsd in 2006, and 9.3 thsd - in 2007.

Out of the total 1998 family houses commissioned in 2007, 79% were two-storey residential buildings and 16% were one-storey residential buildings.

According to the information provided by the housing stock management enterprises, the calculated maintenance income for the 1m2 of the total floor space in 2007 on average constituted 20.3 santims per month. The paid maintenance income comprised 19.5 santims per month or 96% of the calculated amount of the maintenance income.

Running repair of the residential buildings in 2007 amounted for 19.4 mln lats, of which 2.0 mln lats were spent on heat insulation. Capital repairs of the residential buildings comprised 6.6 mln lats, of which 1.5 mln lats were spend on heat insulation. In 2007 for the running repairs 75 santims were spent for 1m2 of the total floor space, but for capital repairs – 25 santims.

Prepared by the Investment and Real Estate Statistics Section
Tel.67366969
Ilgvars Kaparkalējs