Forest land prices in Latvia 2026
Forest prices in Latvia in 2025/2026: mature conifer forest is about €24,000/ha, mature birch about €17,500/ha, and forest land after a clear-cut €1,600–2,800/ha depending on region and soil. Such land costs most in Kurzeme and Zemgale and least in Latgale. Source: Latio quarterly index, 2025.
Forest land after clear-cut by region (€/ha)
| Region | Range (€/ha) | Benchmark (€/ha) | Details |
|---|---|---|---|
Vidzeme Vidzeme | 1,600–2,500 € | 2,050 € | Vidzeme → |
Kurzeme Kurzeme | 1,600–2,800 € | 2,200 € | Kurzeme → |
Zemgale Zemgale | 1,600–2,700 € | 2,150 € | Zemgale → |
Central (Riga area) Centra (Rīgas apkārtne) | 1,600–2,700 € | 2,150 € | Central (Riga area) → |
East (Latgale) Austrumu (Latgale) | 1,600–2,300 € | 1,950 € | East (Latgale) → |
Source: Latio index, Q3 2025. Price of land after a clear-cut (no stand); the range runs from peat to dry mineral soils. There is no separate data for Central (Riga area) — Zemgale figures are shown. Land with forest on it costs more — see prices by forest type below.
Prices by forest type
| Forest type | Price €/ha |
|---|---|
Mature coniferous forest Pieaudzis skujkoku mežs | ~24 000 € |
Mature birch forest Pieaudzis bērzu mežs | ~17 500 € |
Middle-aged stand Vidēja vecuma audze | ~13 000 € |
Young stand Jaunaudze | ~5 000 € |
Bare forest land Meža zeme bez audzes | 1 600–2 800 € |
Mature stands — Latio index, 2025. Middle-aged and young stands — MezaData estimate.
Sawlog purchase prices (€/m³), CSB
Average prices sawmills pay for sawlogs at their gate, excluding VAT, half-yearly since 2006. The calculator takes the mean of the last two half-years and subtracts ~35 €/m³ for harvesting, haulage and the buyer's margin.
| Species | Diameter, cm | H1 2026, €/m³ | 6-month change |
|---|---|---|---|
| Pine | > 26 | 107.30 € | -0.3 % |
| Pine | 18–26 | 104.44 € | -1.4 % |
| Spruce | > 26 | 106.07 € | +0.2 % |
| Spruce | 18–26 | 106.98 € | +1.0 % |
| Birch | > 24 | 116.05 € | -7.9 % |
| Birch | 18–24 | 101.33 € | +8.1 % |
Source: CSB (Central Statistical Bureau of Latvia), table MEI020 (updated 9/18/2026). CSB publishes no pulpwood or firewood prices — for those the calculator uses its own fixed estimate (~25 €/m³ standing).
Latvia in the Baltic context
| Country / region | Average price (€/ha) | Note |
|---|---|---|
| Sweden (south) | ~11,000 | Premium — high institutional demand |
| Finland | ~8,400 | Mature forest management infrastructure |
| Estonia | ~7,700 | Almost 2× more expensive than Latvia |
| Lithuania | ~5,200 | Active capital inflow from Western Europe |
| Latvia (avg) | ~3,300 | ← You are here. Among the lowest in the region. |
Source: Latio (2023) — "Forest land prices in Latvia — among the lowest in the Baltic Sea region". Prices reflect average transactions for private forest holdings.
Frequently asked questions
How much does forest cost in Latvia in 2026?+
It depends on what grows on the land. According to the Latio index (2025), mature conifer forest costs about €24,000/ha and mature birch about €17,500/ha. Younger stands cost less: middle-aged conifer about €13,000/ha, young stands about €5,000/ha (MezaData estimate). Forest land after a clear-cut costs €1,600–2,800/ha depending on region and soil.
What's the difference between cadastral value and market price?+
Cadastral value in Latvia is significantly lower than market price — often 3–5× less. Cadastral value is set by VZD and used for tax purposes. Market price is determined by supply and demand. Sellers often anchor on cadastral value and end up selling well below market.
Why do forest buyers offer such low prices?+
Buyers profit from information asymmetry — the owner doesn't know the market price, but the buyer knows it precisely. Per Latio data (2023), 50% of forest sellers sold below market price. On average buyers paid only 64% of property market value (land + timber). MezaData helps level this information asymmetry.
How do I figure out what my forest is worth?+
Enter your forest's cadastre number into the MezaData calculator — free, no sign-up. The calculator uses VMD inventory data and computes timber value via the formula G×H×form-factor × sortiment price. Accuracy ±25%.
Why can offers for the same forest vary so much?+
In a 2025 LTV / LSM experiment, one ~10 ha forest parcel was offered to three buyers — bids ranged from €30,000 to €80,000, a 2.7× spread. Cause: different buyers have different strategies, costs and information. Buyers who know the market price offer less. So before negotiating, you need to know the value of your own parcel.
Find out what your parcel is worth
Enter the cadastre number — valuation in 10 seconds. No sign-up.