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) | 16.3% | 377 | 60926 € | 1282 €/m² |
| Padomju sērijveida (1946–1993) | 66.2% | 1532 | 25500 € | 571 €/m² |
| Jaunā celtne (1994–2014) | 8.8% | 204 | 83562 € | 1580 €/m² |
| Jaunākie projekti (2015+) | 8.7% | 202 | 109036 € | 2451 €/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 | 858 €/m² | ▲ 120.2% |
| Teika | 1823 €/m² | ▲ 37.6% |
| Centrs | 1957 €/m² | ▲ 26.0% |
| Maskavas priekšpilsēta | 1141 €/m² | ▲ 23.0% |
| Jugla | 1023 €/m² | ▲ 20.1% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Vecrīga | 361 €/m² | ▼ -63.7% |
| Daugavgrīva | 574 €/m² | ▼ -23.8% |
| Čiekurkalns | 775 €/m² | ▼ -21.8% |
| Šampēteris-Pleskodāle | 1068 €/m² | ▼ -18.9% |
| Ziepniekkalns | 937 €/m² | ▼ -14.8% |
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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.