Nivora

Real estate market report — Novembris 2013

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

2032
Apartment deals
37161 €
Average price
699 €/m² ▲6.7%
Average per m² (vs. previous period)
2648 / 1376
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.

17.0% Vecbūve (līdz 1945) (295 deals)
71.0% Padomju sērijveida (1946–1993) (1229 deals)
12.0% Jaunā celtne (1994–2014) (208 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 17.0% 295 47546 € 916 €/m²
Padomju sērijveida (1946–1993) 71.0% 1229 16822 € 367 €/m²
Jaunā celtne (1994–2014) 12.0% 208 94865 € 2105 €/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)

699
Nov 2013

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Sarkandaugava 612 €/m² ▲ 46.7%
Mežciems 1006 €/m² ▲ 42.8%
Maskavas priekšpilsēta 537 €/m² ▲ 41.1%
Teika 1197 €/m² ▲ 38.9%
Vecmīlgrāvis 405 €/m² ▲ 32.6%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Aplokciems 133 €/m² ▼ -69.5%
Vecrīga 1300 €/m² ▼ -46.3%
Jugla 428 €/m² ▼ -22.0%
Purvciems 593 €/m² ▼ -20.2%
Šampēteris-Pleskodāle 1113 €/m² ▼ -17.7%

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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.