Nivora

Real estate market report — Decembris 2011

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

1126
Apartment deals
33533 €
Average price
597 €/m² ▼-2.1%
Average per m² (vs. previous period)
2124 / 1348
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.

18.7% Vecbūve (līdz 1945) (169 deals)
66.2% Padomju sērijveida (1946–1993) (600 deals)
15.1% Jaunā celtne (1994–2014) (137 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 18.7% 169 39954 € 842 €/m²
Padomju sērijveida (1946–1993) 66.2% 600 15060 € 338 €/m²
Jaunā celtne (1994–2014) 15.1% 137 73960 € 1715 €/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)

597
Dec 2011

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Ķengarags 376 €/m² ▲ 34.8%
Zolitūde 734 €/m² ▲ 12.9%
Imanta 777 €/m² ▲ 11.9%
Āgenskalns 423 €/m² ▲ 8.3%
Centrs 1302 €/m² ▼ -7.0%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Purvciems 651 €/m² ▼ -28.4%
Teika 757 €/m² ▼ -23.1%
Centrs 1302 €/m² ▼ -7.0%
Āgenskalns 423 €/m² ▲ 8.3%
Imanta 777 €/m² ▲ 11.9%

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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.