Real estate market report — Oktobris 2015

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

From

Building era

Neighborhood

1928

Apartment deals

27674 €

Average price

548 €/m² ▲0.2%

Average per m² (vs. previous period)

3123 / 1513

Building / land deals

Key insights

Vidējā cena par m² pieauga par 0.2% salīdzinājumā ar iepriekšējo periodu.
77.1% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 9.8% - jaunajos projektos (celtos pēc 1994. gada).
Jaunākie projekti (2015+) dzīvokļi vidēji ir par 124% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Daugavgrīva apkaimē (+69.6%).
Kopā reģistrēti 1928 dzīvokļu darījumi Rīgā šajā periodā.

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.

13.1% Vecbūve (līdz 1945) (233 deals)

77.1% Padomju sērijveida (1946–1993) (1367 deals)

7.6% Jaunā celtne (1994–2014) (135 deals)

2.2% Jaunākie projekti (2015+) (39 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	13.1%	233	31644 €	700 €/m²
Padomju sērijveida (1946–1993)	77.1%	1367	16420 €	365 €/m²
Jaunā celtne (1994–2014)	7.6%	135	100664 €	2110 €/m²
Jaunākie projekti (2015+)	2.2%	39	57613 €	1570 €/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)

548

Okt 2015

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Daugavgrīva	513 €/m²	▲ 69.6%
Mežaparks	2039 €/m²	▲ 44.9%
Mežciems	781 €/m²	▲ 38.9%
Sarkandaugava	571 €/m²	▲ 26.7%
Jugla	703 €/m²	▲ 15.5%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Čiekurkalns	760 €/m²	▼ -32.3%
Zolitūde	594 €/m²	▼ -24.0%
Maskavas priekšpilsēta	317 €/m²	▼ -11.9%
Dārzciems	623 €/m²	▼ -11.7%
Āgenskalns	876 €/m²	▼ -5.6%

See all deals in this period

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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.