Nivora

Real estate market report — Maijs 2013

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

1849
Apartment deals
33127 €
Average price
640 €/m² ▼-12.9%
Average per m² (vs. previous period)
3140 / 1658
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.

15.6% Vecbūve (līdz 1945) (249 deals)
74.9% Padomju sērijveida (1946–1993) (1196 deals)
9.5% Jaunā celtne (1994–2014) (152 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 15.6% 249 47009 € 896 €/m²
Padomju sērijveida (1946–1993) 74.9% 1196 17004 € 377 €/m²
Jaunā celtne (1994–2014) 9.5% 152 74729 € 1313 €/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)

640
Mai 2013

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Maskavas priekšpilsēta 671 €/m² ▲ 86.0%
Sarkandaugava 566 €/m² ▲ 33.8%
Āgenskalns 1229 €/m² ▲ 33.0%
Šampēteris-Pleskodāle 1385 €/m² ▲ 14.4%
Mežciems 879 €/m² ▲ 12.3%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Centrs 1332 €/m² ▼ -42.0%
Mežaparks 749 €/m² ▼ -30.1%
Jugla 572 €/m² ▼ -16.2%
Imanta 753 €/m² ▼ -15.5%
Vecmīlgrāvis 349 €/m² ▼ -14.0%

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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.