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) | 17.2% | 363 | 73837 € | 1541 €/m² |
| Padomju sērijveida (1946–1993) | 67.4% | 1418 | 34259 € | 757 €/m² |
| Jaunā celtne (1994–2014) | 8.8% | 186 | 85150 € | 1852 €/m² |
| Jaunākie projekti (2015+) | 6.6% | 138 | 142703 € | 2822 €/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 |
|---|---|---|
| Čiekurkalns | 1929 €/m² | ▲ 54.9% |
| Aplokciems | 1505 €/m² | ▲ 37.1% |
| Šampēteris-Pleskodāle | 1638 €/m² | ▲ 17.0% |
| Āgenskalns | 1955 €/m² | ▲ 14.1% |
| Maskavas priekšpilsēta | 1075 €/m² | ▲ 13.7% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Imanta | 1287 €/m² | ▼ -18.9% |
| Ziepniekkalns | 1791 €/m² | ▼ -16.7% |
| Ilguciems | 834 €/m² | ▼ -12.3% |
| Pļavnieki | 1630 €/m² | ▼ -7.8% |
| Dārzciems | 1435 €/m² | ▼ -7.1% |
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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.