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) | 14.4% | 258 | 43307 € | 994 €/m² |
| Padomju sērijveida (1946–1993) | 62.2% | 1116 | 23033 € | 509 €/m² |
| Jaunā celtne (1994–2014) | 6.3% | 113 | 96129 € | 1845 €/m² |
| Jaunākie projekti (2015+) | 17.2% | 308 | 85088 € | 2040 €/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 |
|---|---|---|
| Torņakalns | 1800 €/m² | ▲ 73.0% |
| Teika | 1747 €/m² | ▲ 59.0% |
| Imanta | 1524 €/m² | ▲ 25.1% |
| Daugavgrīva | 634 €/m² | ▲ 23.5% |
| Bolderāja | 537 €/m² | ▲ 15.2% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Ilguciems | 781 €/m² | ▼ -15.7% |
| Ziepniekkalns | 946 €/m² | ▼ -13.0% |
| Zolitūde | 882 €/m² | ▼ -12.5% |
| Mežciems | 1198 €/m² | ▼ -12.0% |
| Purvciems | 1215 €/m² | ▼ -11.2% |
Filter by price, area, room count, neighborhood and building era.
Data from the State Land Service's (VZD, data.gov.lv) open data. Calculations are done automatically, without AI-generated analysis.