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) | 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.
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| 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% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| 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.