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) | 14.4% | 303 | 55231 € | 1236 €/m² |
| Padomju sērijveida (1946–1993) | 71.4% | 1501 | 29044 € | 638 €/m² |
| Jaunā celtne (1994–2014) | 8.5% | 178 | 93423 € | 1733 €/m² |
| Jaunākie projekti (2015+) | 5.8% | 121 | 120863 € | 2646 €/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 |
|---|---|---|
| Purvciems | 1257 €/m² | ▲ 30.4% |
| Ilguciems | 939 €/m² | ▲ 18.3% |
| Sarkandaugava | 880 €/m² | ▲ 7.9% |
| Centrs | 1844 €/m² | ▲ 7.8% |
| Dārzciems | 1008 €/m² | ▲ 6.3% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Krasta ielas rajons | 491 €/m² | ▼ -43.6% |
| Mežciems | 1042 €/m² | ▼ -37.2% |
| Torņakalns | 968 €/m² | ▼ -31.2% |
| Aplokciems | 1030 €/m² | ▼ -30.4% |
| Maskavas priekšpilsēta | 776 €/m² | ▼ -27.0% |
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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.