Real estate market report — Februāris 2014

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

From

Building era

Neighborhood

1808

Apartment deals

41224 €

Average price

809 €/m² ▲37.1%

Average per m² (vs. previous period)

2500 / 1333

Building / land deals

Key insights

Vidējā cena par m² pieauga par 37.1% salīdzinājumā ar iepriekšējo periodu.
67.5% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 15.0% - jaunajos projektos (celtos pēc 1994. gada).
Jaunā celtne (1994–2014) dzīvokļi vidēji ir par 10% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Dārzciems apkaimē (+32.3%).
Kopā reģistrēti 1808 dzīvokļu darījumi Rīgā šajā periodā.

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.

17.5% Vecbūve (līdz 1945) (278 deals)

67.5% Padomju sērijveida (1946–1993) (1071 deals)

15.0% Jaunā celtne (1994–2014) (238 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	17.5%	278	80564 €	1665 €/m²
Padomju sērijveida (1946–1993)	67.5%	1071	18130 €	397 €/m²
Jaunā celtne (1994–2014)	15.0%	238	86162 €	1831 €/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)

809

Feb 2014

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Dārzciems	646 €/m²	▲ 32.3%
Teika	1140 €/m²	▲ 24.5%
Ziepniekkalns	794 €/m²	▲ 24.4%
Mežciems	902 €/m²	▲ 22.0%
Bolderāja	336 €/m²	▲ 21.1%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Āgenskalns	573 €/m²	▼ -35.5%
Maskavas priekšpilsēta	365 €/m²	▼ -18.3%
Šampēteris-Pleskodāle	1033 €/m²	▼ -16.3%
Čiekurkalns	593 €/m²	▼ -11.5%
Imanta	673 €/m²	▼ -6.4%

See all deals in this period

Filter by price, area, room count, neighborhood and building era.

Explore deals →

Data from the State Land Service's (VZD, data.gov.lv) open data. Calculations are done automatically, without AI-generated analysis.