Nivora

Real estate market report — Novembris 2004

A real report on the Latvian real estate market, based on VZD-registered deals.

20
Apartment deals
51981 €
Average price
879 €/m² ▲1498.2%
Average per m² (vs. previous period)
5 / 11
Building / land deals

Key insights

Deal breakdown by building era

Older buildings and newer developments don't just cost differently — they also make up very different shares of the total deal count. This chart shows what percentage of all this period's apartment deals happened in each era.

70.6% Vecbūve (līdz 1945) (12 deals)
29.4% Padomju sērijveida (1946–1993) (5 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 70.6% 12 75291 € 1382 €/m²
Padomju sērijveida (1946–1993) 29.4% 5 7090 € 132 €/m²

How it's calculated: the building era is determined by the year VZD registered the building as put into service (not the \"building series\" mentioned in listings — that's available for real transaction data too rarely to base reliable statistics on). Eras: Pre-war — {% trans "līdz 1945. gadam" %}; Soviet-era prefab — 1946–1993 ({% trans "galvenokārt tipveida paneļu un ķieģeļu mājas" %}); New building — 1994–2014; Newest developments — 2015 and later. Percentages are calculated from deals where the building year is known; eras with fewer than 5 deals in the period aren't shown separately.

Price trend (€/m² by month)

879
Nov 2004

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Data from the State Land Service's (VZD, data.gov.lv) open data. Calculations are done automatically, without AI-generated analysis.