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) | 15.1% | 249 | 42598 € | 883 €/m² |
| Padomju sērijveida (1946–1993) | 74.9% | 1234 | 17851 € | 390 €/m² |
| Jaunā celtne (1994–2014) | 8.4% | 138 | 63665 € | 1401 €/m² |
| Jaunākie projekti (2015+) | 1.6% | 27 | 92875 € | 1901 €/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 |
|---|---|---|
| Āgenskalns | 1312 €/m² | ▲ 48.6% |
| Maskavas priekšpilsēta | 496 €/m² | ▲ 46.4% |
| Bolderāja | 364 €/m² | ▲ 31.8% |
| Vecmīlgrāvis | 556 €/m² | ▲ 31.6% |
| Pļavnieki | 912 €/m² | ▲ 17.3% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Čiekurkalns | 779 €/m² | ▼ -33.0% |
| Ziepniekkalns | 827 €/m² | ▼ -25.2% |
| Jugla | 584 €/m² | ▼ -21.0% |
| Ilguciems | 452 €/m² | ▼ -19.4% |
| Daugavgrīva | 323 €/m² | ▼ -19.0% |
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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.