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% | 257 | 60743 € | 1341 €/m² |
| Padomju sērijveida (1946–1993) | 69.6% | 1192 | 28803 € | 630 €/m² |
| Jaunā celtne (1994–2014) | 6.3% | 108 | 87373 € | 1754 €/m² |
| Jaunākie projekti (2015+) | 9.1% | 156 | 109475 € | 2500 €/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 |
|---|---|---|
| Čiekurkalns | 2287 €/m² | ▲ 106.3% |
| Torņakalns | 1509 €/m² | ▲ 104.6% |
| Jugla | 1197 €/m² | ▲ 29.9% |
| Bolderāja | 569 €/m² | ▲ 17.3% |
| Mežaparks | 2887 €/m² | ▲ 14.7% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Šampēteris-Pleskodāle | 831 €/m² | ▼ -37.8% |
| Aplokciems | 1073 €/m² | ▼ -35.5% |
| Ziepniekkalns | 1195 €/m² | ▼ -32.6% |
| Mežciems | 1234 €/m² | ▼ -15.6% |
| Āgenskalns | 1471 €/m² | ▼ -13.8% |
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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.