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) | 16.3% | 292 | 41973 € | 879 €/m² |
| Padomju sērijveida (1946–1993) | 76.0% | 1359 | 18227 € | 406 €/m² |
| Jaunā celtne (1994–2014) | 6.1% | 109 | 73012 € | 1605 €/m² |
| Jaunākie projekti (2015+) | 1.6% | 28 | 89719 € | 2397 €/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 |
|---|---|---|
| Bolderāja | 555 €/m² | ▲ 45.4% |
| Maskavas priekšpilsēta | 603 €/m² | ▲ 42.1% |
| Sarkandaugava | 684 €/m² | ▲ 27.3% |
| Šampēteris-Pleskodāle | 1112 €/m² | ▲ 23.3% |
| Imanta | 1085 €/m² | ▲ 14.5% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Torņakalns | 460 €/m² | ▼ -31.5% |
| Teika | 857 €/m² | ▼ -22.6% |
| Zolitūde | 788 €/m² | ▼ -17.1% |
| Čiekurkalns | 738 €/m² | ▼ -15.7% |
| Vecmīlgrāvis | 577 €/m² | ▼ -13.7% |
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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.