A real report on the Latvian real estate market, based on VZD-registered deals.
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.
| Building era | % of deals | Deals | Average price | Avg. €/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.
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| 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% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| 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.