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) | 17.7% | 304 | 72501 € | 1514 €/m² |
| Padomju sērijveida (1946–1993) | 69.6% | 1197 | 16955 € | 375 €/m² |
| Jaunā celtne (1994–2014) | 12.7% | 219 | 94106 € | 1879 €/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 |
|---|---|---|
| Maskavas priekšpilsēta | 941 €/m² | ▲ 103.3% |
| Torņakalns | 501 €/m² | ▲ 92.1% |
| Mežciems | 815 €/m² | ▲ 22.2% |
| Vecmīlgrāvis | 452 €/m² | ▲ 21.2% |
| Purvciems | 806 €/m² | ▲ 17.2% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Bolderāja | 270 €/m² | ▼ -29.8% |
| Čiekurkalns | 364 €/m² | ▼ -23.9% |
| Ilguciems | 493 €/m² | ▼ -23.8% |
| Teika | 808 €/m² | ▼ -22.7% |
| Sarkandaugava | 463 €/m² | ▼ -18.0% |
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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.