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) | 13.1% | 248 | 63031 € | 1281 €/m² |
| Padomju sērijveida (1946–1993) | 69.5% | 1312 | 29853 € | 657 €/m² |
| Jaunā celtne (1994–2014) | 8.6% | 163 | 89806 € | 1872 €/m² |
| Jaunākie projekti (2015+) | 8.7% | 164 | 124039 € | 2718 €/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 |
|---|---|---|
| Āgenskalns | 2171 €/m² | ▲ 64.8% |
| Mežciems | 1383 €/m² | ▲ 35.4% |
| Teika | 2207 €/m² | ▲ 19.7% |
| Bolderāja | 593 €/m² | ▲ 17.9% |
| Šampēteris-Pleskodāle | 1332 €/m² | ▲ 14.5% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Čiekurkalns | 1095 €/m² | ▼ -42.6% |
| Dārzciems | 849 €/m² | ▼ -28.6% |
| Sarkandaugava | 735 €/m² | ▼ -23.0% |
| Ilguciems | 809 €/m² | ▼ -20.7% |
| Pļavnieki | 1121 €/m² | ▼ -17.6% |
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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.