Real estate market report — Janvāris 2013

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

From

Building era

Neighborhood

1698

Apartment deals

48511 €

Average price

931 €/m² ▲31.5%

Average per m² (vs. previous period)

2411 / 1358

Building / land deals

Key insights

Vidējā cena par m² pieauga par 31.5% salīdzinājumā ar iepriekšējo periodu.
74.6% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 9.3% - jaunajos projektos (celtos pēc 1994. gada).
Jaunā celtne (1994–2014) dzīvokļi vidēji ir par 77% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Maskavas priekšpilsēta apkaimē (+2308.9%).
Kopā reģistrēti 1698 dzīvokļu darījumi Rīgā šajā periodā.

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.

16.1% Vecbūve (līdz 1945) (229 deals)

74.6% Padomju sērijveida (1946–1993) (1063 deals)

9.3% Jaunā celtne (1994–2014) (133 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	16.1%	229	54875 €	985 €/m²
Padomju sērijveida (1946–1993)	74.6%	1063	13106 €	296 €/m²
Jaunā celtne (1994–2014)	9.3%	133	88899 €	1745 €/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)

931

Jan 2013

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Maskavas priekšpilsēta	9072 €/m²	▲ 2308.9%
Čiekurkalns	608 €/m²	▲ 62.5%
Dārzciems	544 €/m²	▲ 34.8%
Teika	946 €/m²	▲ 31.8%
Vecmīlgrāvis	379 €/m²	▲ 22.8%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Aplokciems	116 €/m²	▼ -64.5%
Centrs	1326 €/m²	▼ -20.8%
Āgenskalns	581 €/m²	▼ -17.3%
Šampēteris-Pleskodāle	1160 €/m²	▼ -15.5%
Purvciems	549 €/m²	▼ -11.5%

See all deals in this period

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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.