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) | 15.4% | 272 | 63420 € | 1324 €/m² |
| Padomju sērijveida (1946–1993) | 61.4% | 1087 | 27646 € | 592 €/m² |
| Jaunā celtne (1994–2014) | 10.5% | 186 | 62266 € | 1492 €/m² |
| Jaunākie projekti (2015+) | 12.7% | 224 | 95124 € | 2191 €/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 |
|---|---|---|
| Šampēteris-Pleskodāle | 1069 €/m² | ▲ 26.6% |
| Bolderāja | 555 €/m² | ▲ 14.7% |
| Āgenskalns | 1467 €/m² | ▲ 8.6% |
| Čiekurkalns | 857 €/m² | ▲ 5.5% |
| Teika | 1279 €/m² | ▲ 3.2% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Mežciems | 1014 €/m² | ▼ -26.5% |
| Sarkandaugava | 724 €/m² | ▼ -17.9% |
| Vecmīlgrāvis | 731 €/m² | ▼ -8.9% |
| Zolitūde | 1125 €/m² | ▼ -7.8% |
| Dārzciems | 828 €/m² | ▼ -6.9% |
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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.