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Real estate market report — Jūlijs 2014

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

2197
Apartment deals
42040 €
Average price
759 €/m² ▲1.3%
Average per m² (vs. previous period)
3703 / 1693
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.

16.9% Vecbūve (līdz 1945) (321 deals)
71.2% Padomju sērijveida (1946–1993) (1355 deals)
11.9% Jaunā celtne (1994–2014) (226 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 16.9% 321 63671 € 1325 €/m²
Padomju sērijveida (1946–1993) 71.2% 1355 19491 € 417 €/m²
Jaunā celtne (1994–2014) 11.9% 226 100446 € 1881 €/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)

759
Jūl 2014

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Dārzciems 915 €/m² ▲ 60.3%
Āgenskalns 1341 €/m² ▲ 42.0%
Teika 1137 €/m² ▲ 15.1%
Sarkandaugava 714 €/m² ▲ 14.7%
Pļavnieki 754 €/m² ▲ 14.4%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Ziepniekkalns 710 €/m² ▼ -15.8%
Imanta 763 €/m² ▼ -14.5%
Mežciems 625 €/m² ▼ -12.9%
Bolderāja 365 €/m² ▼ -10.0%
Vecmīlgrāvis 405 €/m² ▼ -5.6%

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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.