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) | 16.0% | 347 | 56686 € | 1063 €/m² |
| Padomju sērijveida (1946–1993) | 67.4% | 1458 | 26773 € | 605 €/m² |
| Jaunā celtne (1994–2014) | 8.2% | 177 | 74849 € | 1363 €/m² |
| Jaunākie projekti (2015+) | 8.4% | 181 | 93320 € | 2131 €/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 |
|---|---|---|
| Teika | 1325 €/m² | ▲ 17.5% |
| Ķengarags | 1020 €/m² | ▲ 16.9% |
| Bolderāja | 611 €/m² | ▲ 14.9% |
| Pļavnieki | 1404 €/m² | ▲ 14.4% |
| Šampēteris-Pleskodāle | 1317 €/m² | ▲ 13.4% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Torņakalns | 390 €/m² | ▼ -61.2% |
| Mežciems | 905 €/m² | ▼ -37.8% |
| Sarkandaugava | 755 €/m² | ▼ -21.4% |
| Maskavas priekšpilsēta | 927 €/m² | ▼ -17.7% |
| Dārzciems | 904 €/m² | ▼ -11.4% |
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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.