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Real estate market report — Aprīlis 2016

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

2126
Apartment deals
31933 €
Average price
637 €/m² ▲13.5%
Average per m² (vs. previous period)
3287 / 1763
Building / land deals

Key insights

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.

16.8% Vecbūve (līdz 1945) (325 deals)
69.8% Padomju sērijveida (1946–1993) (1346 deals)
8.4% Jaunā celtne (1994–2014) (163 deals)
4.9% Jaunākie projekti (2015+) (95 deals)
Building era% of dealsDealsAverage priceAvg. €/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.

Price trend (€/m² by month)

637
Apr 2016

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
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%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
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%

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.