Real estate market report — Jūlijs 2020

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

From

Building era

Neighborhood

2159

Apartment deals

34181 €

Average price

692 €/m² ▼-5.5%

Average per m² (vs. previous period)

3785 / 1988

Building / land deals

Key insights

Vidējā cena par m² samazinājās par 5.5% salīdzinājumā ar iepriekšējo periodu.
68.3% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 14.3% - jaunajos projektos (celtos pēc 1994. gada).
Jaunākie projekti (2015+) dzīvokļi vidēji ir par 177% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Čiekurkalns apkaimē (+52.6%).
Kopā reģistrēti 2159 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.

17.4% Vecbūve (līdz 1945) (358 deals)

68.3% Padomju sērijveida (1946–1993) (1406 deals)

7.5% Jaunā celtne (1994–2014) (155 deals)

6.8% Jaunākie projekti (2015+) (141 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	17.4%	358	41423 €	830 €/m²
Padomju sērijveida (1946–1993)	68.3%	1406	20742 €	464 €/m²
Jaunā celtne (1994–2014)	7.5%	155	65417 €	1359 €/m²
Jaunākie projekti (2015+)	6.8%	141	108636 €	2295 €/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)

692

Jūl 2020

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Čiekurkalns	1064 €/m²	▲ 52.6%
Maskavas priekšpilsēta	727 €/m²	▲ 47.2%
Jugla	855 €/m²	▲ 19.1%
Vecmīlgrāvis	580 €/m²	▲ 18.1%
Teika	1289 €/m²	▲ 12.3%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Sarkandaugava	540 €/m²	▼ -25.1%
Imanta	1000 €/m²	▼ -19.2%
Āgenskalns	1319 €/m²	▼ -13.9%
Zolitūde	1038 €/m²	▼ -11.6%
Ziepniekkalns	1059 €/m²	▼ -9.9%

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.