Real estate market report — Septembris 2016

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

From

Building era

Neighborhood

2173

Apartment deals

29730 €

Average price

618 €/m² ▲12.8%

Average per m² (vs. previous period)

3025 / 1553

Building / land deals

Key insights

Vidējā cena par m² pieauga par 12.8% salīdzinājumā ar iepriekšējo periodu.
74.2% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 8.5% - jaunajos projektos (celtos pēc 1994. gada).
Jaunākie projekti (2015+) dzīvokļi vidēji ir par 42% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Maskavas priekšpilsēta apkaimē (+49.6%).
Kopā reģistrēti 2173 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.

17.3% Vecbūve (līdz 1945) (343 deals)

74.2% Padomju sērijveida (1946–1993) (1473 deals)

7.3% Jaunā celtne (1994–2014) (145 deals)

1.2% Jaunākie projekti (2015+) (24 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	17.3%	343	47786 €	1059 €/m²
Padomju sērijveida (1946–1993)	74.2%	1473	16823 €	374 €/m²
Jaunā celtne (1994–2014)	7.3%	145	81568 €	1801 €/m²
Jaunākie projekti (2015+)	1.2%	24	78649 €	1501 €/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)

618

Sep 2016

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Maskavas priekšpilsēta	454 €/m²	▲ 49.6%
Torņakalns	631 €/m²	▲ 37.0%
Ilguciems	710 €/m²	▲ 34.4%
Sarkandaugava	617 €/m²	▲ 28.4%
Zolitūde	853 €/m²	▲ 27.2%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Vecmīlgrāvis	469 €/m²	▼ -16.1%
Ziepniekkalns	615 €/m²	▼ -15.6%
Imanta	822 €/m²	▼ -13.6%
Daugavgrīva	358 €/m²	▼ -11.3%
Pļavnieki	799 €/m²	▼ -10.1%

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.