Buildings is the major importance of national economy, real estate market, residential housing, construction industry and others industries. Also the major importance of real estate management is risk management, and one of the part of risk management – property insurance. The main sense in property insurance is building recovery value or reinstatement costs. In every country territorial location impact on buildings recovery value. It depends of many factors: the national and regional economy of the country, municipal fees and legislation, technical projects of buildings, relief model, engineering technologies, labor costs, building materials and products, building machines, costs of transportation. The research focus sets recovery value (reinstatement costs) elements and factors influencing them. The significance of the topic is set by the economy and industry in Latvia sustainable risk management model in constructing, property management and insurance industries in accordance with territorial location impact on building recovery value. The comparison, data analysis and logical access methods have been used in the study and the recommendations on the improvement of the situation have been developed.