Real estate market report — Oktobris 2017

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

From

Building era

Neighborhood

2242

Apartment deals

32290 €

Average price

641 €/m² ▲5.1%

Average per m² (vs. previous period)

2872 / 1700

Building / land deals

Key insights

Vidējā cena par m² pieauga par 5.1% salīdzinājumā ar iepriekšējo periodu.
71.1% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 14.9% - jaunajos projektos (celtos pēc 1994. gada).
Jaunākie projekti (2015+) dzīvokļi vidēji ir par 71% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Aplokciems apkaimē (+143.5%).
Kopā reģistrēti 2242 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.

14.0% Vecbūve (līdz 1945) (292 deals)

71.1% Padomju sērijveida (1946–1993) (1488 deals)

6.3% Jaunā celtne (1994–2014) (132 deals)

8.6% Jaunākie projekti (2015+) (180 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	14.0%	292	48607 €	955 €/m²
Padomju sērijveida (1946–1993)	71.1%	1488	19336 €	434 €/m²
Jaunā celtne (1994–2014)	6.3%	132	76601 €	1655 €/m²
Jaunākie projekti (2015+)	8.6%	180	72293 €	1632 €/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)

641

Okt 2017

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Aplokciems	846 €/m²	▲ 143.5%
Šampēteris-Pleskodāle	1056 €/m²	▲ 64.6%
Ķengarags	1074 €/m²	▲ 56.3%
Āgenskalns	1117 €/m²	▲ 29.6%
Dārzciems	960 €/m²	▲ 29.0%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Torņakalns	446 €/m²	▼ -51.6%
Mežciems	742 €/m²	▼ -29.0%
Daugavgrīva	384 €/m²	▼ -16.9%
Zolitūde	863 €/m²	▼ -13.0%
Teika	786 €/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.