Real estate market report — Septembris 2015

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

From

Building era

Neighborhood

2074

Apartment deals

28363 €

Average price

547 €/m² ▼-2.1%

Average per m² (vs. previous period)

3360 / 1569

Building / land deals

Key insights

Vidējā cena par m² samazinājās par 2.1% salīdzinājumā ar iepriekšējo periodu.
77.1% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 9.5% - jaunajos projektos (celtos pēc 1994. gada).
Jaunākie projekti (2015+) dzīvokļi vidēji ir par 93% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Teika apkaimē (+42.0%).
Kopā reģistrēti 2074 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.

13.4% Vecbūve (līdz 1945) (255 deals)

77.1% Padomju sērijveida (1946–1993) (1468 deals)

7.6% Jaunā celtne (1994–2014) (145 deals)

1.9% Jaunākie projekti (2015+) (36 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	13.4%	255	41682 €	855 €/m²
Padomju sērijveida (1946–1993)	77.1%	1468	16732 €	373 €/m²
Jaunā celtne (1994–2014)	7.6%	145	86295 €	1871 €/m²
Jaunākie projekti (2015+)	1.9%	36	56851 €	1651 €/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)

547

Sep 2015

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Teika	1179 €/m²	▲ 42.0%
Ilguciems	578 €/m²	▲ 32.7%
Ziepniekkalns	770 €/m²	▲ 20.6%
Dārzciems	706 €/m²	▲ 14.2%
Imanta	746 €/m²	▲ 11.3%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Mežciems	562 €/m²	▼ -24.3%
Centrs	1192 €/m²	▼ -23.7%
Vecmīlgrāvis	420 €/m²	▼ -13.7%
Purvciems	629 €/m²	▼ -13.1%
Jugla	609 €/m²	▼ -12.5%

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.