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) | 15.4% | 274 | 36021 € | 763 €/m² |
| Padomju sērijveida (1946–1993) | 78.5% | 1398 | 15399 € | 338 €/m² |
| Jaunā celtne (1994–2014) | 6.1% | 108 | 72379 € | 1442 €/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 |
|---|---|---|
| Vecmīlgrāvis | 434 €/m² | ▲ 7.2% |
| Imanta | 789 €/m² | ▲ 5.4% |
| Purvciems | 728 €/m² | ▲ 2.6% |
| Grīziņkalns | 854 €/m² | ▲ 0.8% |
| Maskavas priekšpilsēta | 427 €/m² | ▲ 0.5% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Šampēteris-Pleskodāle | 696 €/m² | ▼ -58.5% |
| Āgenskalns | 674 €/m² | ▼ -55.8% |
| Dārzciems | 561 €/m² | ▼ -46.0% |
| Teika | 785 €/m² | ▼ -39.3% |
| Ķengarags | 423 €/m² | ▼ -27.7% |
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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.