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) | 15.9% | 358 | 63269 € | 1497 €/m² |
| Padomju sērijveida (1946–1993) | 63.1% | 1419 | 33703 € | 736 €/m² |
| Jaunā celtne (1994–2014) | 8.4% | 189 | 102005 € | 2077 €/m² |
| Jaunākie projekti (2015+) | 12.6% | 283 | 125874 € | 2662 €/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 | 1918 €/m² | ▲ 33.9% |
| Imanta | 1586 €/m² | ▲ 20.8% |
| Ziepniekkalns | 2150 €/m² | ▲ 20.5% |
| Bolderāja | 617 €/m² | ▲ 11.0% |
| Vecmīlgrāvis | 828 €/m² | ▲ 6.0% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Aplokciems | 1098 €/m² | ▼ -30.6% |
| Čiekurkalns | 1245 €/m² | ▼ -27.8% |
| Maskavas priekšpilsēta | 946 €/m² | ▼ -24.4% |
| Sarkandaugava | 782 €/m² | ▼ -17.3% |
| Āgenskalns | 1713 €/m² | ▼ -15.9% |
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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.