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Real estate market report — Jūlijs 2012

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

1725
Apartment deals
29713 €
Average price
590 €/m² ▲11.1%
Average per m² (vs. previous period)
2799 / 1408
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) (221 deals)
75.1% Padomju sērijveida (1946–1993) (1133 deals)
10.2% Jaunā celtne (1994–2014) (154 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 14.7% 221 34560 € 752 €/m²
Padomju sērijveida (1946–1993) 75.1% 1133 14470 € 321 €/m²
Jaunā celtne (1994–2014) 10.2% 154 89401 € 1799 €/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)

590
Jūl 2012

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Maskavas priekšpilsēta 498 €/m² ▲ 188.5%
Pļavnieki 627 €/m² ▲ 50.7%
Jugla 637 €/m² ▲ 46.6%
Sarkandaugava 441 €/m² ▲ 43.2%
Āgenskalns 667 €/m² ▲ 37.9%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Teika 630 €/m² ▼ -33.6%
Ilguciems 453 €/m² ▼ -26.4%
Vecmīlgrāvis 307 €/m² ▼ -16.4%
Mežciems 732 €/m² ▼ -10.1%
Torņakalns 532 €/m² ▼ -6.6%

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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.