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) | 16.1% | 244 | 47881 € | 924 €/m² |
| Padomju sērijveida (1946–1993) | 69.5% | 1055 | 16717 € | 366 €/m² |
| Jaunā celtne (1994–2014) | 14.4% | 218 | 69169 € | 1476 €/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 |
|---|---|---|
| Dārzciems | 2563 €/m² | ▲ 310.7% |
| Šampēteris-Pleskodāle | 1071 €/m² | ▲ 100.5% |
| Mežaparks | 3354 €/m² | ▲ 95.4% |
| Teika | 1017 €/m² | ▲ 36.4% |
| Čiekurkalns | 1301 €/m² | ▲ 31.2% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Vecmīlgrāvis | 396 €/m² | ▼ -15.8% |
| Ziepniekkalns | 658 €/m² | ▼ -14.2% |
| Mežciems | 945 €/m² | ▼ -12.1% |
| Ķengarags | 437 €/m² | ▼ -11.6% |
| Ilguciems | 449 €/m² | ▼ -11.0% |
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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.