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) | 13.8% | 176 | 179041 € | 3603 €/m² |
| Padomju sērijveida (1946–1993) | 76.7% | 980 | 14605 € | 321 €/m² |
| Jaunā celtne (1994–2014) | 9.5% | 121 | 85628 € | 1794 €/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 |
|---|---|---|
| Centrs | 3451 €/m² | ▲ 192.9% |
| Sarkandaugava | 449 €/m² | ▲ 41.0% |
| Zolitūde | 811 €/m² | ▲ 28.3% |
| Jugla | 546 €/m² | ▲ 24.5% |
| Ziepniekkalns | 786 €/m² | ▲ 24.0% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Teika | 728 €/m² | ▼ -15.4% |
| Ķengarags | 392 €/m² | ▼ -13.4% |
| Maskavas priekšpilsēta | 292 €/m² | ▼ -12.5% |
| Pļavnieki | 448 €/m² | ▼ -12.3% |
| Mežciems | 572 €/m² | ▼ -10.1% |
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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.