Real estate market report — Februāris 2016

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

From

Building era

Neighborhood

1909

Apartment deals

27990 €

Average price

552 €/m² ▼-6.3%

Average per m² (vs. previous period)

2447 / 1439

Building / land deals

Key insights

Vidējā cena par m² samazinājās par 6.3% salīdzinājumā ar iepriekšējo periodu.
72.6% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 9.8% - jaunajos projektos (celtos pēc 1994. gada).
Jaunākie projekti (2015+) dzīvokļi vidēji ir par 117% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Teika apkaimē (+61.8%).
Kopā reģistrēti 1909 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.

17.6% Vecbūve (līdz 1945) (300 deals)

72.6% Padomju sērijveida (1946–1993) (1236 deals)

8.8% Jaunā celtne (1994–2014) (149 deals)

1.0% Jaunākie projekti (2015+) (17 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	17.6%	300	40825 €	764 €/m²
Padomju sērijveida (1946–1993)	72.6%	1236	16777 €	367 €/m²
Jaunā celtne (1994–2014)	8.8%	149	63976 €	1412 €/m²
Jaunākie projekti (2015+)	1.0%	17	74029 €	1655 €/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)

552

Feb 2016

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Teika	1172 €/m²	▲ 61.8%
Jugla	777 €/m²	▲ 33.4%
Bolderāja	323 €/m²	▲ 27.9%
Imanta	931 €/m²	▲ 22.1%
Grīziņkalns	697 €/m²	▲ 9.0%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Āgenskalns	714 €/m²	▼ -37.3%
Krasta ielas rajons	435 €/m²	▼ -32.3%
Centrs	942 €/m²	▼ -31.2%
Maskavas priekšpilsēta	395 €/m²	▼ -15.8%
Vecmīlgrāvis	466 €/m²	▼ -6.7%

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.