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Real estate market report — Jūlijs 2013

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

2142
Apartment deals
30888 €
Average price
614 €/m² ▲4.1%
Average per m² (vs. previous period)
3250 / 1591
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.

14.8% Vecbūve (līdz 1945) (270 deals)
75.6% Padomju sērijveida (1946–1993) (1382 deals)
9.6% Jaunā celtne (1994–2014) (176 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 14.8% 270 49385 € 977 €/m²
Padomju sērijveida (1946–1993) 75.6% 1382 15163 € 335 €/m²
Jaunā celtne (1994–2014) 9.6% 176 88789 € 1719 €/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)

614
Jūl 2013

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Sarkandaugava 542 €/m² ▲ 73.9%
Šampēteris-Pleskodāle 1190 €/m² ▲ 67.0%
Dārzciems 805 €/m² ▲ 49.6%
Ilguciems 543 €/m² ▲ 32.2%
Ziepniekkalns 752 €/m² ▲ 26.9%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Vecmīlgrāvis 316 €/m² ▼ -33.0%
Mežciems 597 €/m² ▼ -27.9%
Bolderāja 283 €/m² ▼ -27.8%
Imanta 694 €/m² ▼ -16.8%
Ķengarags 382 €/m² ▼ -16.0%

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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.