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) | 16.7% | 351 | 59623 € | 1224 €/m² |
| Padomju sērijveida (1946–1993) | 66.1% | 1390 | 30121 € | 663 €/m² |
| Jaunā celtne (1994–2014) | 7.5% | 157 | 82070 € | 1657 €/m² |
| Jaunākie projekti (2015+) | 9.7% | 204 | 122943 € | 2686 €/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 |
|---|---|---|
| Maskavas priekšpilsēta | 1022 €/m² | ▲ 40.9% |
| Vecmīlgrāvis | 813 €/m² | ▲ 17.7% |
| Āgenskalns | 2116 €/m² | ▲ 16.3% |
| Ķengarags | 902 €/m² | ▲ 11.1% |
| Imanta | 1310 €/m² | ▲ 10.4% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Sarkandaugava | 708 €/m² | ▼ -28.0% |
| Zasulauks | 742 €/m² | ▼ -27.1% |
| Mežciems | 1486 €/m² | ▼ -19.1% |
| Bolderāja | 490 €/m² | ▼ -16.9% |
| Zolitūde | 1234 €/m² | ▼ -15.3% |
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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.