Real estate market report — Decembris 2018

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

From

Building era

Neighborhood

1922

Apartment deals

41088 €

Average price

818 €/m² ▲19.8%

Average per m² (vs. previous period)

2397 / 1338

Building / land deals

Key insights

Vidējā cena par m² pieauga par 19.8% salīdzinājumā ar iepriekšējo periodu.
66.1% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 17.5% - jaunajos projektos (celtos pēc 1994. gada).
Jaunākie projekti (2015+) dzīvokļi vidēji ir par 87% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Šampēteris-Pleskodāle apkaimē (+26.8%).
Kopā reģistrēti 1922 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.

16.5% Vecbūve (līdz 1945) (296 deals)

66.1% Padomju sērijveida (1946–1993) (1187 deals)

8.1% Jaunā celtne (1994–2014) (145 deals)

9.4% Jaunākie projekti (2015+) (168 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	16.5%	296	59457 €	1195 €/m²
Padomju sērijveida (1946–1993)	66.1%	1187	21466 €	481 €/m²
Jaunā celtne (1994–2014)	8.1%	145	73965 €	1313 €/m²
Jaunākie projekti (2015+)	9.4%	168	116594 €	2230 €/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)

818

Dec 2018

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Šampēteris-Pleskodāle	1339 €/m²	▲ 26.8%
Jugla	862 €/m²	▲ 21.5%
Torņakalns	1326 €/m²	▲ 19.1%
Dārzciems	936 €/m²	▲ 17.3%
Centrs	1596 €/m²	▲ 15.7%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Āgenskalns	841 €/m²	▼ -29.8%
Maskavas priekšpilsēta	543 €/m²	▼ -28.2%
Daugavgrīva	452 €/m²	▼ -26.2%
Aplokciems	846 €/m²	▼ -22.5%
Imanta	882 €/m²	▼ -18.8%

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.