Real estate market report — Februāris 2020

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

From

Building era

Neighborhood

2067

Apartment deals

43218 €

Average price

870 €/m² ▲19.7%

Average per m² (vs. previous period)

2713 / 1894

Building / land deals

Key insights

Vidējā cena par m² pieauga par 19.7% salīdzinājumā ar iepriekšējo periodu.
62.7% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 17.8% - jaunajos projektos (celtos pēc 1994. gada).
Jaunākie projekti (2015+) dzīvokļi vidēji ir par 31% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Daugavgrīva apkaimē (+60.2%).
Kopā reģistrēti 2067 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.

19.5% Vecbūve (līdz 1945) (378 deals)

62.7% Padomju sērijveida (1946–1993) (1217 deals)

6.4% Jaunā celtne (1994–2014) (124 deals)

11.4% Jaunākie projekti (2015+) (222 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	19.5%	378	67769 €	1522 €/m²
Padomju sērijveida (1946–1993)	62.7%	1217	24505 €	559 €/m²
Jaunā celtne (1994–2014)	6.4%	124	66685 €	1336 €/m²
Jaunākie projekti (2015+)	11.4%	222	90135 €	1997 €/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)

870

Feb 2020

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Daugavgrīva	514 €/m²	▲ 60.2%
Ilguciems	926 €/m²	▲ 31.7%
Āgenskalns	1159 €/m²	▲ 14.7%
Purvciems	1368 €/m²	▲ 14.5%
Sarkandaugava	701 €/m²	▲ 11.2%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Krasta ielas rajons	390 €/m²	▼ -52.8%
Šampēteris-Pleskodāle	811 €/m²	▼ -23.2%
Bolderāja	466 €/m²	▼ -18.9%
Maskavas priekšpilsēta	608 €/m²	▼ -10.4%
Ziepniekkalns	1087 €/m²	▼ -6.8%

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.