Nivora

Real estate market report — Septembris 2017

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

2069
Apartment deals
29636 €
Average price
610 €/m² ▼-1.3%
Average per m² (vs. previous period)
2881 / 1622
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.

16.6% Vecbūve (līdz 1945) (317 deals)
72.9% Padomju sērijveida (1946–1993) (1393 deals)
7.7% Jaunā celtne (1994–2014) (147 deals)
2.8% Jaunākie projekti (2015+) (53 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 16.6% 317 45984 € 990 €/m²
Padomju sērijveida (1946–1993) 72.9% 1393 17573 € 399 €/m²
Jaunā celtne (1994–2014) 7.7% 147 67220 € 1473 €/m²
Jaunākie projekti (2015+) 2.8% 53 85082 € 2310 €/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)

610
Sep 2017

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Mežciems 1046 €/m² ▲ 65.9%
Čiekurkalns 873 €/m² ▲ 57.9%
Vecmīlgrāvis 616 €/m² ▲ 21.3%
Zolitūde 992 €/m² ▲ 20.1%
Torņakalns 922 €/m² ▲ 15.2%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Šampēteris-Pleskodāle 642 €/m² ▼ -45.2%
Āgenskalns 862 €/m² ▼ -43.6%
Sarkandaugava 517 €/m² ▼ -28.0%
Imanta 936 €/m² ▼ -26.6%
Grīziņkalns 987 €/m² ▼ -22.9%

See all deals in this period

Filter by price, area, room count, neighborhood and building era.

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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.