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) | 17.3% | 345 | 43531 € | 949 €/m² |
| Padomju sērijveida (1946–1993) | 69.5% | 1387 | 22138 € | 500 €/m² |
| Jaunā celtne (1994–2014) | 7.0% | 140 | 61129 € | 1494 €/m² |
| Jaunākie projekti (2015+) | 6.3% | 125 | 105715 € | 2283 €/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 |
|---|---|---|
| Bolderāja | 659 €/m² | ▲ 70.0% |
| Krasta ielas rajons | 694 €/m² | ▲ 25.1% |
| Dārzciems | 930 €/m² | ▲ 24.7% |
| Šampēteris-Pleskodāle | 1224 €/m² | ▲ 23.1% |
| Maskavas priekšpilsēta | 844 €/m² | ▲ 16.6% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Grīziņkalns | 882 €/m² | ▼ -29.3% |
| Purvciems | 1065 €/m² | ▼ -26.0% |
| Zolitūde | 1229 €/m² | ▼ -19.1% |
| Čiekurkalns | 1339 €/m² | ▼ -14.5% |
| Teika | 895 €/m² | ▼ -7.2% |
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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.