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) | 17.4% | 333 | 52231 € | 1005 €/m² |
| Padomju sērijveida (1946–1993) | 73.2% | 1400 | 18526 € | 408 €/m² |
| Jaunā celtne (1994–2014) | 7.8% | 150 | 81322 € | 1639 €/m² |
| Jaunākie projekti (2015+) | 1.5% | 29 | 144575 € | 2398 €/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 |
|---|---|---|
| Teika | 1251 €/m² | ▲ 55.0% |
| Daugavgrīva | 481 €/m² | ▲ 34.4% |
| Mežciems | 864 €/m² | ▲ 28.4% |
| Bolderāja | 490 €/m² | ▲ 25.2% |
| Ziepniekkalns | 759 €/m² | ▲ 23.4% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Mežaparks | 1056 €/m² | ▼ -24.5% |
| Torņakalns | 499 €/m² | ▼ -20.9% |
| Centrs | 1401 €/m² | ▼ -16.8% |
| Čiekurkalns | 716 €/m² | ▼ -16.4% |
| Ilguciems | 621 €/m² | ▼ -12.6% |
Filter by price, area, room count, neighborhood and building era.
Data from the State Land Service's (VZD, data.gov.lv) open data. Calculations are done automatically, without AI-generated analysis.