Nivora

Real estate market report — Augusts 2011

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

100
Apartment deals
16891 €
Average price
318 €/m² ▲74.7%
Average per m² (vs. previous period)
182 / 127
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.

19.8% Vecbūve (līdz 1945) (17 deals)
70.9% Padomju sērijveida (1946–1993) (61 deals)
9.3% Jaunā celtne (1994–2014) (8 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 19.8% 17 30030 € 657 €/m²
Padomju sērijveida (1946–1993) 70.9% 61 7753 € 180 €/m²
Jaunā celtne (1994–2014) 9.3% 8 42943 € 689 €/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)

318
Aug 2011

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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.