Nivora

Real estate market report — Marts 2018

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

1905
Apartment deals
32614 €
Average price
662 €/m² ▼-4.6%
Average per m² (vs. previous period)
2500 / 1450
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.

17.5% Vecbūve (līdz 1945) (310 deals)
71.9% Padomju sērijveida (1946–1993) (1271 deals)
7.6% Jaunā celtne (1994–2014) (134 deals)
3.0% Jaunākie projekti (2015+) (53 deals)
Building era% of dealsDealsAverage priceAvg. €/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.

Price trend (€/m² by month)

662
Mar 2018

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
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%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
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%

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.