A real report on the Latvian real estate market, based on VZD-registered deals.
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.
| Building era | % of deals | Deals | Average price | Avg. €/m² |
|---|---|---|---|---|
| Vecbūve (līdz 1945) | 14.3% | 196 | 49655 € | 1053 €/m² |
| Padomju sērijveida (1946–1993) | 78.7% | 1076 | 13897 € | 302 €/m² |
| Jaunā celtne (1994–2014) | 6.9% | 95 | 52615 € | 1036 €/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.
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Mežciems | 918 €/m² | ▲ 60.7% |
| Dārzciems | 635 €/m² | ▲ 50.6% |
| Vecmīlgrāvis | 448 €/m² | ▲ 34.3% |
| Āgenskalns | 618 €/m² | ▲ 32.0% |
| Maskavas priekšpilsēta | 368 €/m² | ▲ 26.1% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Centrs | 1258 €/m² | ▼ -63.5% |
| Zolitūde | 529 €/m² | ▼ -34.7% |
| Šampēteris-Pleskodāle | 922 €/m² | ▼ -22.5% |
| Imanta | 527 €/m² | ▼ -17.2% |
| Sarkandaugava | 385 €/m² | ▼ -14.4% |
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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.