Nivora

Real estate market report — Novembris 2014

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

1853
Apartment deals
29634 €
Average price
595 €/m² ▲3.8%
Average per m² (vs. previous period)
2316 / 1199
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.

15.3% Vecbūve (līdz 1945) (253 deals)
72.3% Padomju sērijveida (1946–1993) (1196 deals)
12.4% Jaunā celtne (1994–2014) (206 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 15.3% 253 37289 € 833 €/m²
Padomju sērijveida (1946–1993) 72.3% 1196 16693 € 367 €/m²
Jaunā celtne (1994–2014) 12.4% 206 67298 € 1311 €/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)

595
Nov 2014

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Čiekurkalns 992 €/m² ▲ 127.0%
Maskavas priekšpilsēta 475 €/m² ▲ 64.6%
Mežciems 1075 €/m² ▲ 41.4%
Dārzciems 624 €/m² ▲ 19.3%
Jugla 740 €/m² ▲ 17.2%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Šampēteris-Pleskodāle 534 €/m² ▼ -58.1%
Sarkandaugava 460 €/m² ▼ -18.0%
Teika 745 €/m² ▼ -14.1%
Imanta 610 €/m² ▼ -10.2%
Ilguciems 505 €/m² ▼ -10.1%

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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.