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) | 17.5% | 310 | 48085 € | 962 €/m² |
| Padomju sērijveida (1946–1993) | 71.9% | 1271 | 19883 € | 442 €/m² |
| Jaunā celtne (1994–2014) | 7.6% | 134 | 77642 € | 1732 €/m² |
| Jaunākie projekti (2015+) | 3.0% | 53 | 87487 € | 2334 €/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 |
|---|---|---|
| Maskavas priekšpilsēta | 741 €/m² | ▲ 57.5% |
| Imanta | 1125 €/m² | ▲ 24.3% |
| Centrs | 1347 €/m² | ▲ 3.7% |
| Mežciems | 857 €/m² | ▲ 3.1% |
| Jugla | 779 €/m² | ▲ 2.6% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Teika | 1210 €/m² | ▼ -24.0% |
| Vecmīlgrāvis | 598 €/m² | ▼ -18.7% |
| Sarkandaugava | 585 €/m² | ▼ -18.5% |
| Grīziņkalns | 902 €/m² | ▼ -14.7% |
| Bolderāja | 501 €/m² | ▼ -12.8% |
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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.