Real estate market report — Maijs 2016

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

From

Building era

Neighborhood

2057

Apartment deals

29652 €

Average price

601 €/m² ▼-5.7%

Average per m² (vs. previous period)

3345 / 1743

Building / land deals

Key insights

Vidējā cena par m² samazinājās par 5.7% salīdzinājumā ar iepriekšējo periodu.
73.6% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 10.1% - jaunajos projektos (celtos pēc 1994. gada).
Jaunākie projekti (2015+) dzīvokļi vidēji ir par 69% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Āgenskalns apkaimē (+67.8%).
Kopā reģistrēti 2057 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.

16.3% Vecbūve (līdz 1945) (308 deals)

73.6% Padomju sērijveida (1946–1993) (1386 deals)

8.6% Jaunā celtne (1994–2014) (162 deals)

1.5% Jaunākie projekti (2015+) (28 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	16.3%	308	42088 €	941 €/m²
Padomju sērijveida (1946–1993)	73.6%	1386	18238 €	404 €/m²
Jaunā celtne (1994–2014)	8.6%	162	75869 €	1625 €/m²
Jaunākie projekti (2015+)	1.5%	28	91958 €	1589 €/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)

601

Mai 2016

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Āgenskalns	1265 €/m²	▲ 67.8%
Jugla	792 €/m²	▲ 50.6%
Maskavas priekšpilsēta	525 €/m²	▲ 48.1%
Mežciems	903 €/m²	▲ 38.0%
Vecmīlgrāvis	567 €/m²	▲ 35.7%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Šampēteris-Pleskodāle	515 €/m²	▼ -16.6%
Teika	1288 €/m²	▼ -14.3%
Ziepniekkalns	727 €/m²	▼ -7.2%
Imanta	678 €/m²	▼ -6.9%
Centrs	1361 €/m²	▼ -6.5%

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.