Nivora

Real estate market report — Decembris 2014

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

1646
Apartment deals
33102 €
Average price
638 €/m² ▲7.2%
Average per m² (vs. previous period)
2611 / 1236
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.

16.1% Vecbūve (līdz 1945) (244 deals)
69.5% Padomju sērijveida (1946–1993) (1055 deals)
14.4% Jaunā celtne (1994–2014) (218 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 16.1% 244 47881 € 924 €/m²
Padomju sērijveida (1946–1993) 69.5% 1055 16717 € 366 €/m²
Jaunā celtne (1994–2014) 14.4% 218 69169 € 1476 €/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)

638
Dec 2014

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Dārzciems 2563 €/m² ▲ 310.7%
Šampēteris-Pleskodāle 1071 €/m² ▲ 100.5%
Mežaparks 3354 €/m² ▲ 95.4%
Teika 1017 €/m² ▲ 36.4%
Čiekurkalns 1301 €/m² ▲ 31.2%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Vecmīlgrāvis 396 €/m² ▼ -15.8%
Ziepniekkalns 658 €/m² ▼ -14.2%
Mežciems 945 €/m² ▼ -12.1%
Ķengarags 437 €/m² ▼ -11.6%
Ilguciems 449 €/m² ▼ -11.0%

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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.