Nivora

Real estate market report — Decembris 2013

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

1877
Apartment deals
38353 €
Average price
719 €/m² ▲2.9%
Average per m² (vs. previous period)
2812 / 1596
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.

15.5% Vecbūve (līdz 1945) (249 deals)
69.2% Padomju sērijveida (1946–1993) (1113 deals)
15.3% Jaunā celtne (1994–2014) (246 deals)
Building era% of dealsDealsAverage priceAvg. €/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.

Price trend (€/m² by month)

719
Dec 2013

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
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%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
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.