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) | 16.8% | 337 | 69901 € | 1527 €/m² |
| Padomju sērijveida (1946–1993) | 67.4% | 1352 | 34777 € | 767 €/m² |
| Jaunā celtne (1994–2014) | 9.4% | 189 | 104317 € | 1801 €/m² |
| Jaunākie projekti (2015+) | 6.4% | 128 | 131602 € | 2593 €/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 | 1364 €/m² | ▲ 26.9% |
| Jugla | 1358 €/m² | ▲ 16.6% |
| Grīziņkalns | 1511 €/m² | ▲ 15.6% |
| Ilguciems | 964 €/m² | ▲ 15.6% |
| Mežciems | 1720 €/m² | ▲ 15.1% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Torņakalns | 1164 €/m² | ▼ -43.2% |
| Čiekurkalns | 1400 €/m² | ▼ -27.4% |
| Ziepniekkalns | 1451 €/m² | ▼ -19.0% |
| Teika | 1540 €/m² | ▼ -12.0% |
| Dārzciems | 1298 €/m² | ▼ -9.6% |
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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.