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) | 16.6% | 311 | 58937 € | 1296 €/m² |
| Padomju sērijveida (1946–1993) | 64.6% | 1208 | 32553 € | 737 €/m² |
| Jaunā celtne (1994–2014) | 9.6% | 179 | 95113 € | 1799 €/m² |
| Jaunākie projekti (2015+) | 9.1% | 171 | 118135 € | 2638 €/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 |
|---|---|---|
| Torņakalns | 2329 €/m² | ▲ 133.2% |
| Šampēteris-Pleskodāle | 1795 €/m² | ▲ 64.9% |
| Teika | 1713 €/m² | ▲ 23.8% |
| Imanta | 1439 €/m² | ▲ 21.4% |
| Ilguciems | 998 €/m² | ▲ 18.6% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Aplokciems | 951 €/m² | ▼ -36.9% |
| Mežciems | 1209 €/m² | ▼ -22.2% |
| Dārzciems | 1428 €/m² | ▼ -18.5% |
| Sarkandaugava | 791 €/m² | ▼ -11.7% |
| Zolitūde | 1134 €/m² | ▼ -10.4% |
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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.