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) | 13.4% | 275 | 56166 € | 1141 €/m² |
| Padomju sērijveida (1946–1993) | 54.3% | 1111 | 28317 € | 617 €/m² |
| Jaunā celtne (1994–2014) | 6.6% | 136 | 73146 € | 1706 €/m² |
| Jaunākie projekti (2015+) | 25.6% | 525 | 113063 € | 2523 €/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 |
|---|---|---|
| Imanta | 2008 €/m² | ▲ 45.9% |
| Āgenskalns | 1762 €/m² | ▲ 41.2% |
| Čiekurkalns | 1378 €/m² | ▲ 32.1% |
| Teika | 1750 €/m² | ▲ 30.6% |
| Bolderāja | 751 €/m² | ▲ 23.7% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Torņakalns | 1007 €/m² | ▼ -49.4% |
| Mežciems | 1334 €/m² | ▼ -32.7% |
| Pļavnieki | 1407 €/m² | ▼ -17.2% |
| Dārzciems | 688 €/m² | ▼ -15.1% |
| Sarkandaugava | 769 €/m² | ▼ -8.5% |
Filter by price, area, room count, neighborhood and building era.
Data from the State Land Service's (VZD, data.gov.lv) open data. Calculations are done automatically, without AI-generated analysis.