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) | 13.0% | 179 | 46270 € | 885 €/m² |
| Padomju sērijveida (1946–1993) | 77.0% | 1056 | 16574 € | 371 €/m² |
| Jaunā celtne (1994–2014) | 10.0% | 137 | 91308 € | 1543 €/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 |
|---|---|---|
| Čiekurkalns | 670 €/m² | ▲ 196.7% |
| Vecmīlgrāvis | 399 €/m² | ▲ 47.8% |
| Sarkandaugava | 573 €/m² | ▲ 30.0% |
| Teika | 916 €/m² | ▲ 8.0% |
| Āgenskalns | 888 €/m² | ▲ 3.1% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Pļavnieki | 573 €/m² | ▼ -27.6% |
| Jugla | 486 €/m² | ▼ -27.0% |
| Centrs | 1240 €/m² | ▼ -19.1% |
| Purvciems | 610 €/m² | ▼ -15.6% |
| Mežciems | 739 €/m² | ▼ -14.8% |
Filter by price, area, room count, neighborhood and building era.
Data from the State Land Service's (VZD, data.gov.lv) open data. Calculations are done automatically, without AI-generated analysis.