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) | 14.7% | 282 | 69005 € | 1358 €/m² |
| Padomju sērijveida (1946–1993) | 66.5% | 1273 | 28719 € | 635 €/m² |
| Jaunā celtne (1994–2014) | 8.6% | 165 | 85798 € | 1849 €/m² |
| Jaunākie projekti (2015+) | 10.1% | 193 | 119310 € | 2881 €/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 | 1728 €/m² | ▲ 57.9% |
| Mežciems | 1660 €/m² | ▲ 20.1% |
| Imanta | 1232 €/m² | ▲ 19.1% |
| Krasta ielas rajons | 870 €/m² | ▲ 13.0% |
| Dārzciems | 948 €/m² | ▲ 11.7% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Purvciems | 964 €/m² | ▼ -20.1% |
| Teika | 1792 €/m² | ▼ -18.8% |
| Vecmīlgrāvis | 621 €/m² | ▼ -12.5% |
| Centrs | 1711 €/m² | ▼ -9.0% |
| Ziepniekkalns | 1167 €/m² | ▼ -8.8% |
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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.