Nivora

Real estate market report — Februāris 2013

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

1616
Apartment deals
36075 €
Average price
628 €/m² ▼-32.5%
Average per m² (vs. previous period)
2540 / 1354
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.

16.4% Vecbūve (līdz 1945) (230 deals)
73.3% Padomju sērijveida (1946–1993) (1027 deals)
10.3% Jaunā celtne (1994–2014) (144 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 16.4% 230 57808 € 1049 €/m²
Padomju sērijveida (1946–1993) 73.3% 1027 15756 € 342 €/m²
Jaunā celtne (1994–2014) 10.3% 144 87355 € 1536 €/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)

628
Feb 2013

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Āgenskalns 875 €/m² ▲ 50.5%
Torņakalns 818 €/m² ▲ 24.9%
Ziepniekkalns 722 €/m² ▲ 17.7%
Dārzciems 634 €/m² ▲ 16.6%
Purvciems 609 €/m² ▲ 11.0%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Maskavas priekšpilsēta 381 €/m² ▼ -95.8%
Zolitūde 622 €/m² ▼ -30.4%
Teika 750 €/m² ▼ -20.7%
Sarkandaugava 379 €/m² ▼ -12.8%
Ilguciems 474 €/m² ▼ -9.4%

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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.