Real estate market report — Marts 2016

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

From

Building era

Neighborhood

2078

Apartment deals

29440 €

Average price

561 €/m² ▲1.6%

Average per m² (vs. previous period)

2757 / 1587

Building / land deals

Key insights

Vidējā cena par m² pieauga par 1.6% salīdzinājumā ar iepriekšējo periodu.
76.5% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 9.1% - jaunajos projektos (celtos pēc 1994. gada).
Jaunākie projekti (2015+) dzīvokļi vidēji ir par 52% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Centrs apkaimē (+47.8%).
Kopā reģistrēti 2078 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.

14.4% Vecbūve (līdz 1945) (270 deals)

76.5% Padomju sērijveida (1946–1993) (1430 deals)

7.5% Jaunā celtne (1994–2014) (141 deals)

1.6% Jaunākie projekti (2015+) (29 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	14.4%	270	41938 €	969 €/m²
Padomju sērijveida (1946–1993)	76.5%	1430	17387 €	377 €/m²
Jaunā celtne (1994–2014)	7.5%	141	94358 €	1669 €/m²
Jaunākie projekti (2015+)	1.6%	29	72189 €	1469 €/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)

561

Mar 2016

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Centrs	1392 €/m²	▲ 47.8%
Zolitūde	800 €/m²	▲ 38.9%
Sarkandaugava	645 €/m²	▲ 32.5%
Dārzciems	723 €/m²	▲ 22.9%
Bolderāja	392 €/m²	▲ 21.5%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Torņakalns	347 €/m²	▼ -41.1%
Imanta	720 €/m²	▼ -22.6%
Maskavas priekšpilsēta	309 €/m²	▼ -21.8%
Vecmīlgrāvis	375 €/m²	▼ -19.4%
Mežciems	552 €/m²	▼ -11.7%

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.