Nivora

Real estate market report — Augusts 2015

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

1938
Apartment deals
27292 €
Average price
559 €/m² ▲5.5%
Average per m² (vs. previous period)
3427 / 1453
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.

16.1% Vecbūve (līdz 1945) (283 deals)
74.9% Padomju sērijveida (1946–1993) (1316 deals)
9.0% Jaunā celtne (1994–2014) (158 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 16.1% 283 41611 € 897 €/m²
Padomju sērijveida (1946–1993) 74.9% 1316 15478 € 339 €/m²
Jaunā celtne (1994–2014) 9.0% 158 73961 € 1513 €/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)

559
Aug 2015

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Čiekurkalns 1117 €/m² ▲ 47.6%
Zolitūde 805 €/m² ▲ 38.9%
Teika 830 €/m² ▲ 36.7%
Āgenskalns 1036 €/m² ▲ 28.4%
Centrs 1563 €/m² ▲ 24.3%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Ilguciems 436 €/m² ▼ -26.9%
Grīziņkalns 613 €/m² ▼ -19.4%
Dārzciems 618 €/m² ▼ -19.4%
Šampēteris-Pleskodāle 802 €/m² ▼ -18.0%
Pļavnieki 718 €/m² ▼ -5.5%

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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.