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 | 60818 € | 1272 €/m² |
| Padomju sērijveida (1946–1993) | 67.9% | 1272 | 28052 € | 621 €/m² |
| Jaunā celtne (1994–2014) | 7.9% | 148 | 80645 € | 1608 €/m² |
| Jaunākie projekti (2015+) | 9.1% | 170 | 121292 € | 2490 €/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 |
|---|---|---|
| Centrs | 2045 €/m² | ▲ 27.7% |
| Mežciems | 1268 €/m² | ▲ 24.5% |
| Torņakalns | 1018 €/m² | ▲ 24.0% |
| Dārzciems | 1105 €/m² | ▲ 18.0% |
| Vecmīlgrāvis | 766 €/m² | ▲ 14.7% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Mežaparks | 1840 €/m² | ▼ -28.0% |
| Ziepniekkalns | 1002 €/m² | ▼ -23.7% |
| Daugavgrīva | 561 €/m² | ▼ -22.8% |
| Ķengarags | 1089 €/m² | ▼ -20.4% |
| Purvciems | 1078 €/m² | ▼ -20.4% |
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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.