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) | 17.0% | 311 | 59787 € | 1137 €/m² |
| Padomju sērijveida (1946–1993) | 68.4% | 1255 | 18822 € | 419 €/m² |
| Jaunā celtne (1994–2014) | 7.0% | 129 | 66866 € | 1224 €/m² |
| Jaunākie projekti (2015+) | 7.6% | 139 | 89021 € | 2095 €/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 |
|---|---|---|
| Āgenskalns | 1887 €/m² | ▲ 169.1% |
| Zasulauks | 1343 €/m² | ▲ 56.4% |
| Mežciems | 1323 €/m² | ▲ 54.4% |
| Maskavas priekšpilsēta | 1129 €/m² | ▲ 52.4% |
| Sarkandaugava | 828 €/m² | ▲ 41.5% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Teika | 960 €/m² | ▼ -20.7% |
| Imanta | 899 €/m² | ▼ -20.0% |
| Zolitūde | 776 €/m² | ▼ -10.1% |
| Bolderāja | 459 €/m² | ▼ -8.5% |
| Ziepniekkalns | 853 €/m² | ▼ -4.3% |
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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.