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) | 15.0% | 331 | 54565 € | 1170 €/m² |
| Padomju sērijveida (1946–1993) | 67.8% | 1499 | 30564 € | 666 €/m² |
| Jaunā celtne (1994–2014) | 8.9% | 196 | 94115 € | 1850 €/m² |
| Jaunākie projekti (2015+) | 8.4% | 186 | 118589 € | 2545 €/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 |
|---|---|---|
| Aplokciems | 2300 €/m² | ▲ 69.4% |
| Mežaparks | 2664 €/m² | ▲ 64.6% |
| Mežciems | 1811 €/m² | ▲ 21.8% |
| Daugavgrīva | 741 €/m² | ▲ 20.7% |
| Maskavas priekšpilsēta | 1190 €/m² | ▲ 16.4% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Āgenskalns | 1547 €/m² | ▼ -26.9% |
| Vecmīlgrāvis | 637 €/m² | ▼ -21.7% |
| Čiekurkalns | 1282 €/m² | ▼ -16.9% |
| Imanta | 1092 €/m² | ▼ -16.6% |
| Teika | 1318 €/m² | ▼ -14.8% |
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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.