Real Estate Development Director salary in Latvia

Average Yearly Salary of Real Estate Development Director in Latvia is approximately 52,421 EUR (52,359 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Real Estate Development Director do?

A real estate development director is a senior-level professional responsible for overseeing and managing the development of real estate projects. They work closely with investors, architects, contractors, and other stakeholders to ensure the successful execution of projects from inception to completion. Their primary role involves identifying potential development opportunities, conducting feasibility studies, securing financing, negotiating contracts, and obtaining necessary permits and approvals. They also monitor construction progress, manage budgets, and handle any issues that may arise during the development process.

Skills: Real Estate Development, Project Management, Construction, Feasibility Studies, Financing, Permits and Approvals
Job industry: Real estate

How much does Real Estate Development Director make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Real Estate Development Director a well paid job?

Yes, our data show that Real Estate Development Director is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Real Estate Development Director?

High salary for Real Estate Development Director would be somewhere between 57,663 EUR and 76,010 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Real Estate Development Director in Latvia?

Living in Latvia the approximate monthly expenses are: 860 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 52,421 EUR
Estimated Monthly Salary: 4,368 EUR
Estimated Weekly Salary: 1,008 EUR per week
Estimated Hourly Salary: 25 EUR per hour
By working as Real Estate Development Director a person can save up to 3,503 USD per month or 42,039 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Latvia, see costs of living in Latvia.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Estonia, Russia, Belarus, Lithuania..
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Real Estate Development Director

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Latvia

Data as of 2025

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