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) | 16.8% | 325 | 46967 € | 982 €/m² |
| Padomju sērijveida (1946–1993) | 69.8% | 1346 | 17001 € | 381 €/m² |
| Jaunā celtne (1994–2014) | 8.4% | 163 | 74601 € | 1387 €/m² |
| Jaunākie projekti (2015+) | 4.9% | 95 | 88392 € | 1623 €/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 | 1502 €/m² | ▲ 41.7% |
| Daugavgrīva | 462 €/m² | ▲ 25.2% |
| Mežciems | 654 €/m² | ▲ 18.6% |
| Maskavas priekšpilsēta | 354 €/m² | ▲ 14.8% |
| Zasulauks | 607 €/m² | ▲ 13.9% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Jugla | 525 €/m² | ▼ -37.9% |
| Šampēteris-Pleskodāle | 618 €/m² | ▼ -35.9% |
| Sarkandaugava | 496 €/m² | ▼ -23.1% |
| Zolitūde | 757 €/m² | ▼ -5.4% |
| Purvciems | 716 €/m² | ▼ -5.2% |
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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.