A real report on the Latvian real estate market, based on VZD-registered deals.
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.
| Building era | % of deals | Deals | Average price | Avg. €/m² |
|---|---|---|---|---|
| Vecbūve (līdz 1945) | 16.4% | 335 | 41057 € | 839 €/m² |
| Padomju sērijveida (1946–1993) | 70.4% | 1436 | 19474 € | 423 €/m² |
| Jaunā celtne (1994–2014) | 9.8% | 199 | 68872 € | 1374 €/m² |
| Jaunākie projekti (2015+) | 3.4% | 70 | 75377 € | 1712 €/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.
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Teika | 1156 €/m² | ▲ 31.4% |
| Imanta | 975 €/m² | ▲ 21.2% |
| Čiekurkalns | 856 €/m² | ▲ 16.5% |
| Dārzciems | 1217 €/m² | ▲ 8.4% |
| Ķengarags | 684 €/m² | ▲ 6.6% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Maskavas priekšpilsēta | 366 €/m² | ▼ -37.5% |
| Torņakalns | 565 €/m² | ▼ -31.5% |
| Sarkandaugava | 575 €/m² | ▼ -13.8% |
| Šampēteris-Pleskodāle | 890 €/m² | ▼ -13.2% |
| Ziepniekkalns | 727 €/m² | ▼ -10.7% |
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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.