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Real estate market report — Oktobris 2013

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

2262
Apartment deals
33914 €
Average price
655 €/m² ▲6.2%
Average per m² (vs. previous period)
3362 / 1578
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.

15.6% Vecbūve (līdz 1945) (300 deals)
75.7% Padomju sērijveida (1946–1993) (1459 deals)
8.8% Jaunā celtne (1994–2014) (169 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 15.6% 300 67266 € 1276 €/m²
Padomju sērijveida (1946–1993) 75.7% 1459 15193 € 338 €/m²
Jaunā celtne (1994–2014) 8.8% 169 84765 € 1615 €/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)

655
Okt 2013

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Grīziņkalns 786 €/m² ▲ 46.9%
Pļavnieki 692 €/m² ▲ 24.9%
Zolitūde 1076 €/m² ▲ 16.7%
Dārzciems 522 €/m² ▲ 16.5%
Centrs 1384 €/m² ▲ 12.4%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Maskavas priekšpilsēta 380 €/m² ▼ -68.2%
Imanta 595 €/m² ▼ -30.2%
Ķīpsala 2484 €/m² ▼ -28.9%
Vecmīlgrāvis 306 €/m² ▼ -24.6%
Jugla 549 €/m² ▼ -15.2%

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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.