Nivora

Real estate market report — Augusts 2025

A real report on the Latvian real estate market, based on VZD-registered deals.

2306
Apartment deals
51058 €
Average price
1084 €/m² ▼-1.5%
Average per m² (vs. previous period)
2812 / 1439
Building / land deals

Key insights

Deal breakdown by building era

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.

14.1% Vecbūve (līdz 1945) (322 deals)
68.0% Padomju sērijveida (1946–1993) (1556 deals)
8.0% Jaunā celtne (1994–2014) (184 deals)
9.9% Jaunākie projekti (2015+) (226 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 14.1% 322 63131 € 1418 €/m²
Padomju sērijveida (1946–1993) 68.0% 1556 33767 € 733 €/m²
Jaunā celtne (1994–2014) 8.0% 184 86627 € 1692 €/m²
Jaunākie projekti (2015+) 9.9% 226 125711 € 2866 €/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.

Price trend (€/m² by month)

1084
Aug 2025

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Zolitūde 1524 €/m² ▲ 23.5%
Sarkandaugava 802 €/m² ▲ 23.1%
Čiekurkalns 1663 €/m² ▲ 19.0%
Ilguciems 932 €/m² ▲ 14.7%
Ziepniekkalns 1164 €/m² ▲ 6.3%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Aplokciems 903 €/m² ▼ -48.6%
Šampēteris-Pleskodāle 1228 €/m² ▼ -30.9%
Maskavas priekšpilsēta 789 €/m² ▼ -27.0%
Jugla 1038 €/m² ▼ -18.5%
Mežaparks 2634 €/m² ▼ -16.1%

See all deals in this period

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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.