Nivora

Real estate market report — Aprīlis 2014

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

1958
Apartment deals
39646 €
Average price
708 €/m² ▼-2.5%
Average per m² (vs. previous period)
3458 / 1589
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.

17.7% Vecbūve (līdz 1945) (304 deals)
69.6% Padomju sērijveida (1946–1993) (1197 deals)
12.7% Jaunā celtne (1994–2014) (219 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 17.7% 304 72501 € 1514 €/m²
Padomju sērijveida (1946–1993) 69.6% 1197 16955 € 375 €/m²
Jaunā celtne (1994–2014) 12.7% 219 94106 € 1879 €/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)

708
Apr 2014

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Maskavas priekšpilsēta 941 €/m² ▲ 103.3%
Torņakalns 501 €/m² ▲ 92.1%
Mežciems 815 €/m² ▲ 22.2%
Vecmīlgrāvis 452 €/m² ▲ 21.2%
Purvciems 806 €/m² ▲ 17.2%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Bolderāja 270 €/m² ▼ -29.8%
Čiekurkalns 364 €/m² ▼ -23.9%
Ilguciems 493 €/m² ▼ -23.8%
Teika 808 €/m² ▼ -22.7%
Sarkandaugava 463 €/m² ▼ -18.0%

See all deals in this period

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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.