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) | 13.7% | 254 | 41612 € | 926 €/m² |
| Padomju sērijveida (1946–1993) | 76.3% | 1414 | 21072 € | 472 €/m² |
| Jaunā celtne (1994–2014) | 8.7% | 162 | 67594 € | 1279 €/m² |
| Jaunākie projekti (2015+) | 1.2% | 23 | 94935 € | 2045 €/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 |
|---|---|---|
| Āgenskalns | 1057 €/m² | ▲ 50.9% |
| Grīziņkalns | 1315 €/m² | ▲ 30.1% |
| Teika | 1107 €/m² | ▲ 27.1% |
| Zasulauks | 1174 €/m² | ▲ 25.5% |
| Čiekurkalns | 876 €/m² | ▲ 18.6% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Maskavas priekšpilsēta | 424 €/m² | ▼ -37.7% |
| Bolderāja | 382 €/m² | ▼ -20.3% |
| Zolitūde | 951 €/m² | ▼ -10.5% |
| Ilguciems | 640 €/m² | ▼ -9.6% |
| Pļavnieki | 808 €/m² | ▼ -9.2% |
Filter by price, area, room count, neighborhood and building era.
Data from the State Land Service's (VZD, data.gov.lv) open data. Calculations are done automatically, without AI-generated analysis.