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) | 15.5% | 249 | 62880 € | 1074 €/m² |
| Padomju sērijveida (1946–1993) | 69.2% | 1113 | 16615 € | 373 €/m² |
| Jaunā celtne (1994–2014) | 15.3% | 246 | 87334 € | 1894 €/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 |
|---|---|---|
| Jugla | 666 €/m² | ▲ 55.6% |
| Pļavnieki | 791 €/m² | ▲ 31.5% |
| Ilguciems | 623 €/m² | ▲ 25.6% |
| Purvciems | 723 €/m² | ▲ 21.8% |
| Šampēteris-Pleskodāle | 1340 €/m² | ▲ 20.4% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Čiekurkalns | 226 €/m² | ▼ -50.8% |
| Vecmīlgrāvis | 270 €/m² | ▼ -33.4% |
| Teika | 848 €/m² | ▼ -29.2% |
| Sarkandaugava | 441 €/m² | ▼ -27.9% |
| Zolitūde | 896 €/m² | ▼ -26.2% |
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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.