Real estate market report — Janvāris 2018

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

From

Building era

Neighborhood

1758

Apartment deals

29353 €

Average price

611 €/m² ▼-12.1%

Average per m² (vs. previous period)

2153 / 1418

Building / land deals

Key insights

Vidējā cena par m² samazinājās par 12.1% salīdzinājumā ar iepriekšējo periodu.
76.4% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 10.6% - jaunajos projektos (celtos pēc 1994. gada).
Jaunākie projekti (2015+) dzīvokļi vidēji ir par 143% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Teika apkaimē (+48.8%).
Kopā reģistrēti 1758 dzīvokļu darījumi Rīgā šajā periodā.

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.

13.0% Vecbūve (līdz 1945) (211 deals)

76.4% Padomju sērijveida (1946–1993) (1235 deals)

7.1% Jaunā celtne (1994–2014) (115 deals)

3.5% Jaunākie projekti (2015+) (56 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	13.0%	211	44299 €	858 €/m²
Padomju sērijveida (1946–1993)	76.4%	1235	18501 €	415 €/m²
Jaunā celtne (1994–2014)	7.1%	115	55899 €	1263 €/m²
Jaunākie projekti (2015+)	3.5%	56	85193 €	2088 €/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)

611

Jan 2018

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Teika	1322 €/m²	▲ 48.8%
Šampēteris-Pleskodāle	786 €/m²	▲ 29.7%
Ilguciems	825 €/m²	▲ 26.2%
Pļavnieki	893 €/m²	▲ 23.8%
Grīziņkalns	1019 €/m²	▲ 14.1%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Ķengarags	703 €/m²	▼ -36.4%
Bolderāja	348 €/m²	▼ -35.0%
Ziepniekkalns	704 €/m²	▼ -19.7%
Daugavgrīva	368 €/m²	▼ -14.6%
Imanta	868 €/m²	▼ -13.8%

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.