Real estate market report — Oktobris 2019

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

From

Building era

Neighborhood

2264

Apartment deals

39616 €

Average price

836 €/m² ▲11.3%

Average per m² (vs. previous period)

3590 / 1814

Building / land deals

Key insights

Vidējā cena par m² pieauga par 11.3% salīdzinājumā ar iepriekšējo periodu.
66.2% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 15.7% - jaunajos projektos (celtos pēc 1994. gada).
Jaunākie projekti (2015+) dzīvokļi vidēji ir par 55% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Centrs apkaimē (+27.3%).
Kopā reģistrēti 2264 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.

18.1% Vecbūve (līdz 1945) (384 deals)

66.2% Padomju sērijveida (1946–1993) (1404 deals)

7.4% Jaunā celtne (1994–2014) (158 deals)

8.3% Jaunākie projekti (2015+) (175 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	18.1%	384	63992 €	1504 €/m²
Padomju sērijveida (1946–1993)	66.2%	1404	21317 €	481 €/m²
Jaunā celtne (1994–2014)	7.4%	158	61582 €	1406 €/m²
Jaunākie projekti (2015+)	8.3%	175	108390 €	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)

836

Okt 2019

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Centrs	2014 €/m²	▲ 27.3%
Aplokciems	533 €/m²	▲ 22.9%
Teika	1073 €/m²	▲ 19.8%
Ķengarags	842 €/m²	▲ 16.0%
Mežciems	1045 €/m²	▲ 14.6%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Šampēteris-Pleskodāle	945 €/m²	▼ -22.8%
Zolitūde	978 €/m²	▼ -20.4%
Bolderāja	555 €/m²	▼ -15.8%
Dārzciems	792 €/m²	▼ -14.9%
Sarkandaugava	643 €/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.