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) | 17.6% | 363 | 38464 € | 873 €/m² |
| Padomju sērijveida (1946–1993) | 67.7% | 1399 | 20847 € | 470 €/m² |
| Jaunā celtne (1994–2014) | 5.7% | 118 | 70732 € | 1394 €/m² |
| Jaunākie projekti (2015+) | 9.0% | 187 | 107079 € | 2214 €/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 | 1414 €/m² | ▲ 83.8% |
| Daugavgrīva | 613 €/m² | ▲ 58.2% |
| Šampēteris-Pleskodāle | 995 €/m² | ▲ 56.8% |
| Purvciems | 1440 €/m² | ▲ 50.8% |
| Čiekurkalns | 1565 €/m² | ▲ 48.8% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Torņakalns | 1393 €/m² | ▼ -22.8% |
| Ilguciems | 707 €/m² | ▼ -21.1% |
| Teika | 965 €/m² | ▼ -11.4% |
| Bolderāja | 388 €/m² | ▼ -11.4% |
| Pļavnieki | 980 €/m² | ▼ -10.9% |
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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.