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) | 15.1% | 283 | 58285 € | 1170 €/m² |
| Padomju sērijveida (1946–1993) | 66.8% | 1256 | 30334 € | 677 €/m² |
| Jaunā celtne (1994–2014) | 9.4% | 177 | 76927 € | 1803 €/m² |
| Jaunākie projekti (2015+) | 8.7% | 164 | 113259 € | 2271 €/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 |
|---|---|---|
| Ilguciems | 1088 €/m² | ▲ 34.0% |
| Sarkandaugava | 865 €/m² | ▲ 19.6% |
| Ķengarags | 1080 €/m² | ▲ 18.0% |
| Centrs | 1937 €/m² | ▲ 11.7% |
| Jugla | 1020 €/m² | ▲ 8.6% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Purvciems | 1193 €/m² | ▼ -14.7% |
| Čiekurkalns | 754 €/m² | ▼ -12.1% |
| Maskavas priekšpilsēta | 918 €/m² | ▼ -11.6% |
| Šampēteris-Pleskodāle | 978 €/m² | ▼ -8.5% |
| Ziepniekkalns | 1102 €/m² | ▼ -7.2% |
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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.