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Monday 19.03.2018 | Name days: Jāzeps

Average housing costs in Latvia declined by a mere two euros in 2017

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUIn 2017, housing costs in Latvia constituted EUR 138 a month. Over the last two years, housing costs almost have not changed. Last year, households spent on average 13.5 % of their disposable income on housing.

Households living in Riga spent on average EUR 164 monthly on housing, while in regions these costs were lower: EUR 158 in Pierīga, EUR 130 in Zemgale, EUR 116 in Kurzeme, EUR 108 in Vidzeme and EUR 99 monthly in Latgale (average monthly housing costs refer to the average expenditure on housing during all seasons, including summer season with lowest and winter (heating) season with the highest costs), according to data from the Central Statistical Bureau of Latvia.

In households consisting of couple with three or more children, housing costs constituted 12.8 % of the disposable income thereof and those of couple with two children – 13.2 %. In households consisting of one adult with children housing costs took 21.7 % of the household disposable income. Single persons aged under 64 spent 20.3 % of their disposable income on housing costs, whereas single elderly (aged over 65) spent notably higher share – 25.5 %.

In 2017, only 20.2 % of households admitted that housing costs are not a burden at all, and in 46.9 % of households it was somewhat a burden (50.1 % in 2016), however, in 32.9 % of households it was a heavy burden (30.5 % in 2016).

Last year, the largest share of households admitting that housing costs are a heavy burden was observed in Zemgale region – 45.2 %. The lowest share of such households was recorded in Kurzeme and Riga – 22.4 % and 28.6 %, respectively.

The data show that housing costs imposed heavy burden in households consisting of single person aged over 65, single-parent families (one adult with children) and large families (couple with three or more children). Housing costs imposed heavy burden to almost half (49.7 %) of the households consisting of single elderly (aged over 65), to 38.6 % of single-parent families and 36.1 % of large families. The smallest share households admitting that housing costs impose a heavy burden was observed among those consisting of couple with one child (13.8 %) and couple with two children (22.8 %).

In 2017, 11.4 % of households have been in arrears during the last 12 months due to the financial difficulties. The greatest share of such households was recorded among single-parent families (24.7 %), couples with two children (16.6 %), and households consisting of single person aged under 64 (15.9 %). The smallest share of households that have been in arrears during the last 12 months due to the financial difficulties was observed among couples without children (6.7 %) and households consisting of single person aged over 65 (6.8 %).


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