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Real estate market report — Aprīlis 2022

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

1903
Apartment deals
45231 €
Average price
965 €/m² ▼-1.2%
Average per m² (vs. previous period)
3029 / 1660
Building / land deals

Key insights

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.

15.9% Vecbūve (līdz 1945) (288 deals)
67.5% Padomju sērijveida (1946–1993) (1219 deals)
8.0% Jaunā celtne (1994–2014) (145 deals)
8.5% Jaunākie projekti (2015+) (154 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 15.9% 288 59234 € 1276 €/m²
Padomju sērijveida (1946–1993) 67.5% 1219 30074 € 674 €/m²
Jaunā celtne (1994–2014) 8.0% 145 81695 € 1680 €/m²
Jaunākie projekti (2015+) 8.5% 154 101875 € 2281 €/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)

965
Apr 2022

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Purvciems 1371 €/m² ▲ 23.3%
Maskavas priekšpilsēta 985 €/m² ▲ 16.4%
Dārzciems 1078 €/m² ▲ 9.6%
Šampēteris-Pleskodāle 950 €/m² ▲ 8.4%
Ziepniekkalns 1136 €/m² ▲ 6.4%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Ķengarags 1034 €/m² ▼ -28.3%
Aplokciems 1278 €/m² ▼ -27.1%
Daugavgrīva 623 €/m² ▼ -24.8%
Bolderāja 487 €/m² ▼ -15.8%
Pļavnieki 1118 €/m² ▼ -7.4%

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.