Hesti Articles

The catalogue stores all recorded real‑estate transactions in Latvia since 2012. Each entry shows address, size, price and €/m² — a rock‑solid base for price discovery.

Hesti and TirgusDati.lv both display real-estate prices, but Hesti offers a richer market picture. It combines deal records, listings and forecasts, whereas TirgusDati shows only the asking prices in classified ads.

Both Hesti and Cenu Banka bring Latvian real-estate prices under one roof. The key difference is data freshness and analytics depth—Hesti refreshes deals daily and uses machine-learning forecasts, while CenuBanka provides a stable, no-frills view of historical Land Service transactions.

A mortgage demands a down‑payment, interest and property tax. Renting usually only requires a deposit and a monthly fee. If property prices (the nekustamā īpašuma vērtēšana cena) rise faster than rents, ownership tilts in your favour.

Hesti Market Data aggregates average and median €/m² plus deal count and volume across Latvia. Filters let you drill down by city, neighbourhood, building series, room count and period (year or quarter). For sales you also get transaction volume — your proxy for market activity.

Appraisers rely on three pillars: comparative market analysis (comps), the income approach for rental assets, and the cost approach for unique builds. Studying recent, similar transactions keeps you in line with fair market value.

The model mixes comparable sales with machine learning to output a central value plus a 95 % confidence range. Sparse data or unique features widen the band.