Real estate market report — Augusts 2018

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

From

Building era

Neighborhood

2231

Apartment deals

33638 €

Average price

676 €/m² ▲1.8%

Average per m² (vs. previous period)

3861 / 1642

Building / land deals

Key insights

Vidējā cena par m² pieauga par 1.8% salīdzinājumā ar iepriekšējo periodu.
72.1% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 11.5% - jaunajos projektos (celtos pēc 1994. gada).
Jaunākie projekti (2015+) dzīvokļi vidēji ir par 140% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Šampēteris-Pleskodāle apkaimē (+54.7%).
Kopā reģistrēti 2231 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.

16.4% Vecbūve (līdz 1945) (339 deals)

72.1% Padomju sērijveida (1946–1993) (1490 deals)

7.5% Jaunā celtne (1994–2014) (154 deals)

4.0% Jaunākie projekti (2015+) (83 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	16.4%	339	48232 €	1047 €/m²
Padomju sērijveida (1946–1993)	72.1%	1490	20303 €	447 €/m²
Jaunā celtne (1994–2014)	7.5%	154	61694 €	1372 €/m²
Jaunākie projekti (2015+)	4.0%	83	112636 €	2513 €/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)

676

Aug 2018

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Šampēteris-Pleskodāle	1317 €/m²	▲ 54.7%
Bolderāja	585 €/m²	▲ 52.2%
Āgenskalns	1440 €/m²	▲ 24.4%
Purvciems	883 €/m²	▲ 16.2%
Dārzciems	890 €/m²	▲ 10.2%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Čiekurkalns	349 €/m²	▼ -59.8%
Zasulauks	913 €/m²	▼ -36.4%
Torņakalns	421 €/m²	▼ -22.0%
Maskavas priekšpilsēta	649 €/m²	▼ -20.3%
Aplokciems	1088 €/m²	▼ -15.5%

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.