Real estate market report — Novembris 2015

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

From

Building era

Neighborhood

1896

Apartment deals

28455 €

Average price

573 €/m² ▲4.6%

Average per m² (vs. previous period)

2343 / 1437

Building / land deals

Key insights

Vidējā cena par m² pieauga par 4.6% salīdzinājumā ar iepriekšējo periodu.
72.2% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 11.7% - jaunajos projektos (celtos pēc 1994. gada).
Jaunākie projekti (2015+) dzīvokļi vidēji ir par 78% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Čiekurkalns apkaimē (+53.1%).
Kopā reģistrēti 1896 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.

16.0% Vecbūve (līdz 1945) (277 deals)

72.2% Padomju sērijveida (1946–1993) (1247 deals)

9.1% Jaunā celtne (1994–2014) (158 deals)

2.6% Jaunākie projekti (2015+) (45 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	16.0%	277	36011 €	855 €/m²
Padomju sērijveida (1946–1993)	72.2%	1247	16483 €	368 €/m²
Jaunā celtne (1994–2014)	9.1%	158	75420 €	1718 €/m²
Jaunākie projekti (2015+)	2.6%	45	80119 €	1522 €/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)

573

Nov 2015

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Čiekurkalns	1164 €/m²	▲ 53.1%
Ziepniekkalns	1106 €/m²	▲ 35.1%
Zolitūde	706 €/m²	▲ 18.9%
Šampēteris-Pleskodāle	922 €/m²	▲ 10.8%
Dārzciems	687 €/m²	▲ 10.2%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Bolderāja	276 €/m²	▼ -33.9%
Grīziņkalns	624 €/m²	▼ -29.3%
Teika	866 €/m²	▼ -24.0%
Daugavgrīva	399 €/m²	▼ -22.3%
Mežciems	621 €/m²	▼ -20.5%

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.