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Real estate market report — Februāris 2017

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

1814
Apartment deals
30360 €
Average price
627 €/m² ▲12.8%
Average per m² (vs. previous period)
2357 / 1457
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.

15.4% Vecbūve (līdz 1945) (256 deals)
71.1% Padomju sērijveida (1946–1993) (1179 deals)
8.9% Jaunā celtne (1994–2014) (147 deals)
4.6% Jaunākie projekti (2015+) (77 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 15.4% 256 42731 € 919 €/m²
Padomju sērijveida (1946–1993) 71.1% 1179 19775 € 430 €/m²
Jaunā celtne (1994–2014) 8.9% 147 54261 € 1048 €/m²
Jaunākie projekti (2015+) 4.6% 77 73360 € 1653 €/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)

627
Feb 2017

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Maskavas priekšpilsēta 585 €/m² ▲ 62.9%
Sarkandaugava 667 €/m² ▲ 51.2%
Dārzciems 1123 €/m² ▲ 34.9%
Bolderāja 470 €/m² ▲ 32.3%
Mežciems 779 €/m² ▲ 24.6%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Čiekurkalns 735 €/m² ▼ -20.9%
Imanta 805 €/m² ▼ -20.9%
Ilguciems 784 €/m² ▼ -15.0%
Ziepniekkalns 814 €/m² ▼ -3.2%
Teika 880 €/m² ▼ -2.7%

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.