Real estate market report — Maijs 2014

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

From

Building era

Neighborhood

1736

Apartment deals

34166 €

Average price

687 €/m² ▼-3.0%

Average per m² (vs. previous period)

2755 / 1801

Building / land deals

Key insights

Vidējā cena par m² samazinājās par 3.0% salīdzinājumā ar iepriekšējo periodu.
72.8% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 11.8% - jaunajos projektos (celtos pēc 1994. gada).
Jaunā celtne (1994–2014) dzīvokļi vidēji ir par 76% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Ilguciems apkaimē (+34.5%).
Kopā reģistrēti 1736 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.

15.5% Vecbūve (līdz 1945) (230 deals)

72.8% Padomju sērijveida (1946–1993) (1082 deals)

11.8% Jaunā celtne (1994–2014) (175 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	15.5%	230	50113 €	1039 €/m²
Padomju sērijveida (1946–1993)	72.8%	1082	17875 €	394 €/m²
Jaunā celtne (1994–2014)	11.8%	175	89153 €	1833 €/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)

687

Mai 2014

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Ilguciems	664 €/m²	▲ 34.5%
Ziepniekkalns	818 €/m²	▲ 22.2%
Teika	981 €/m²	▲ 21.4%
Sarkandaugava	543 €/m²	▲ 17.3%
Torņakalns	580 €/m²	▲ 15.8%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Maskavas priekšpilsēta	433 €/m²	▼ -54.0%
Mežciems	545 €/m²	▼ -33.2%
Imanta	668 €/m²	▼ -31.3%
Vecmīlgrāvis	353 €/m²	▼ -21.9%
Aplokciems	339 €/m²	▼ -20.8%

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.