Nivora

Real estate market report — Decembris 2012

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

1627
Apartment deals
40574 €
Average price
708 €/m² ▼-4.3%
Average per m² (vs. previous period)
2279 / 1276
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.

16.0% Vecbūve (līdz 1945) (220 deals)
67.8% Padomju sērijveida (1946–1993) (934 deals)
16.3% Jaunā celtne (1994–2014) (224 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 16.0% 220 62437 € 1265 €/m²
Padomju sērijveida (1946–1993) 67.8% 934 21020 € 477 €/m²
Jaunā celtne (1994–2014) 16.3% 224 83089 € 1831 €/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)

708
Dec 2012

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Sarkandaugava 484 €/m² ▲ 67.2%
Mežciems 838 €/m² ▲ 48.6%
Čiekurkalns 374 €/m² ▲ 32.2%
Pļavnieki 621 €/m² ▲ 20.9%
Zolitūde 922 €/m² ▲ 11.1%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Maskavas priekšpilsēta 377 €/m² ▼ -51.5%
Dārzciems 404 €/m² ▼ -29.4%
Āgenskalns 703 €/m² ▼ -28.5%
Ziepniekkalns 639 €/m² ▼ -27.5%
Bolderāja 272 €/m² ▼ -25.7%

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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.