Nivora

Real estate market report — Janvāris 2014

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

1537
Apartment deals
30676 €
Average price
590 €/m² ▼-17.9%
Average per m² (vs. previous period)
2231 / 1213
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.

13.0% Vecbūve (līdz 1945) (179 deals)
77.0% Padomju sērijveida (1946–1993) (1056 deals)
10.0% Jaunā celtne (1994–2014) (137 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 13.0% 179 46270 € 885 €/m²
Padomju sērijveida (1946–1993) 77.0% 1056 16574 € 371 €/m²
Jaunā celtne (1994–2014) 10.0% 137 91308 € 1543 €/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)

590
Jan 2014

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Čiekurkalns 670 €/m² ▲ 196.7%
Vecmīlgrāvis 399 €/m² ▲ 47.8%
Sarkandaugava 573 €/m² ▲ 30.0%
Teika 916 €/m² ▲ 8.0%
Āgenskalns 888 €/m² ▲ 3.1%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Pļavnieki 573 €/m² ▼ -27.6%
Jugla 486 €/m² ▼ -27.0%
Centrs 1240 €/m² ▼ -19.1%
Purvciems 610 €/m² ▼ -15.6%
Mežciems 739 €/m² ▼ -14.8%

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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.