Nivora

Real estate market report — Janvāris 2015

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

1481
Apartment deals
23834 €
Average price
473 €/m² ▼-25.9%
Average per m² (vs. previous period)
1969 / 1000
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.

14.5% Vecbūve (līdz 1945) (198 deals)
78.3% Padomju sērijveida (1946–1993) (1065 deals)
7.2% Jaunā celtne (1994–2014) (98 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 14.5% 198 41031 € 913 €/m²
Padomju sērijveida (1946–1993) 78.3% 1065 13300 € 296 €/m²
Jaunā celtne (1994–2014) 7.2% 98 84520 € 1629 €/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)

473
Jan 2015

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Āgenskalns 1053 €/m² ▲ 22.3%
Jugla 763 €/m² ▲ 15.5%
Ziepniekkalns 752 €/m² ▲ 14.3%
Imanta 627 €/m² ▲ 9.7%
Ilguciems 487 €/m² ▲ 8.4%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Dārzciems 655 €/m² ▼ -74.4%
Mežciems 499 €/m² ▼ -47.2%
Teika 698 €/m² ▼ -31.3%
Bolderāja 296 €/m² ▼ -30.8%
Čiekurkalns 911 €/m² ▼ -30.0%

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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.