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) | 16.5% | 3787 | 65907 € | 1401 €/m² |
| Padomju sērijveida (1946–1993) | 65.3% | 15013 | 33609 € | 743 €/m² |
| Jaunā celtne (1994–2014) | 9.6% | 2209 | 92560 € | 1813 €/m² |
| Jaunākie projekti (2015+) | 8.7% | 1999 | 130470 € | 2692 €/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 |
|---|---|---|
| Vecrīga | 2129 €/m² | ▲ 28.0% |
| Ziepniekkalns | 1568 €/m² | ▲ 21.4% |
| Čiekurkalns | 1531 €/m² | ▲ 17.5% |
| Dārzciems | 1505 €/m² | ▲ 17.2% |
| Šampēteris-Pleskodāle | 1555 €/m² | ▲ 15.6% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Mangaļsala | 950 €/m² | ▼ -25.0% |
| Krasta ielas rajons | 1500 €/m² | ▼ -24.3% |
| Bieriņi | 771 €/m² | ▼ -23.0% |
| Aplokciems | 1327 €/m² | ▼ -14.2% |
| Torņakalns | 1573 €/m² | ▼ -10.0% |
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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.