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Real estate market report — Oktobris 2008

A real report on the Latvian real estate market, based on VZD-registered deals.

23
Apartment deals
24818 €
Average price
605 €/m² ▲177.5%
Average per m² (vs. previous period)
34 / 24
Building / land deals

Key insights

Deal breakdown by building era

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.

31.6% Vecbūve (līdz 1945) (6 deals)
68.4% Padomju sērijveida (1946–1993) (13 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 31.6% 6 8838 € 253 €/m²
Padomju sērijveida (1946–1993) 68.4% 13 20837 € 460 €/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.

Price trend (€/m² by month)

605
Okt 2008

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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.