Nivora

Real estate market report — Oktobris 2012

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

1870
Apartment deals
31445 €
Average price
633 €/m² ▲1.6%
Average per m² (vs. previous period)
3060 / 1598
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.

14.7% Vecbūve (līdz 1945) (244 deals)
76.0% Padomju sērijveida (1946–1993) (1264 deals)
9.4% Jaunā celtne (1994–2014) (156 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 14.7% 244 58758 € 1187 €/m²
Padomju sērijveida (1946–1993) 76.0% 1264 13854 € 316 €/m²
Jaunā celtne (1994–2014) 9.4% 156 89484 € 1854 €/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)

633
Okt 2012

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Bolderāja 404 €/m² ▲ 57.0%
Sarkandaugava 455 €/m² ▲ 52.1%
Maskavas priekšpilsēta 460 €/m² ▲ 49.9%
Centrs 1689 €/m² ▲ 20.5%
Purvciems 638 €/m² ▲ 18.5%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Dārzciems 446 €/m² ▼ -41.1%
Teika 684 €/m² ▼ -38.3%
Torņakalns 433 €/m² ▼ -17.4%
Zolitūde 713 €/m² ▼ -17.3%
Imanta 612 €/m² ▼ -17.1%

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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.