In Latvia, after the restoration of independence, the demand for valuation services appears. Initially, this is in the form of securing after the privatization of property provided by foreign companies, with the development later of sole traders and local firms doing this work. Questions about evaluation methodology and their application in practice gained topicality. Industry professionals formed the Professional Association - Latvian Appraisers Association, and in 1995 became a member of the International Committee on Property Valuation Standards. In 2000 changed its name to the Latvian Association of Property Appraisers. There are three approaches to real estate valuation: market comparative transactions, income and costs. With each of these approaches, it is possible to make a rating, each with its specific view of the subject being evaluated and its criteria. When evaluating real estate, more precisely apartments, information about the technical condition, characteristics, planning, utilities and equipment of the object, residential building and apartment is obtained, researched and summarized, market situation, value factors, market value and / or the value of sales based on the approach chosen ultimately results in aggregation of data. As demand for new homes grows, so does the demand for their market value. Compared to other Latvian cities, construction of new project apartments is rapidly developing in Riga. Demand for apartments in new projects increases, as some of the factors may include increases in income and family reunification and growth.