Real estate market report — Oktobris 2022

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

From

Building era

Neighborhood

1898

Apartment deals

44819 €

Average price

966 €/m² ▲2.0%

Average per m² (vs. previous period)

2663 / 1639

Building / land deals

Key insights

Vidējā cena par m² pieauga par 2.0% salīdzinājumā ar iepriekšējo periodu.
65.2% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 19.6% - jaunajos projektos (celtos pēc 1994. gada).
Jaunākie projekti (2015+) dzīvokļi vidēji ir par 99% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Ilguciems apkaimē (+35.1%).
Kopā reģistrēti 1898 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.

15.2% Vecbūve (līdz 1945) (277 deals)

65.2% Padomju sērijveida (1946–1993) (1187 deals)

8.4% Jaunā celtne (1994–2014) (152 deals)

11.2% Jaunākie projekti (2015+) (204 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	15.2%	277	49244 €	1079 €/m²
Padomju sērijveida (1946–1993)	65.2%	1187	28354 €	632 €/m²
Jaunā celtne (1994–2014)	8.4%	152	82856 €	1801 €/m²
Jaunākie projekti (2015+)	11.2%	204	99381 €	2145 €/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)

966

Okt 2022

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Ilguciems	1091 €/m²	▲ 35.1%
Ziepniekkalns	1296 €/m²	▲ 30.0%
Āgenskalns	1741 €/m²	▲ 22.8%
Purvciems	1443 €/m²	▲ 20.0%
Vecmīlgrāvis	820 €/m²	▲ 18.1%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Šampēteris-Pleskodāle	828 €/m²	▼ -34.9%
Maskavas priekšpilsēta	816 €/m²	▼ -29.9%
Sarkandaugava	1433 €/m²	▼ -21.7%
Mežciems	925 €/m²	▼ -16.5%
Dārzciems	954 €/m²	▼ -12.3%

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.