Nivora

Real estate market report — Septembris 2014

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

1936
Apartment deals
24201 €
Average price
488 €/m² ▼-38.8%
Average per m² (vs. previous period)
3111 / 1681
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.

15.4% Vecbūve (līdz 1945) (274 deals)
78.5% Padomju sērijveida (1946–1993) (1398 deals)
6.1% Jaunā celtne (1994–2014) (108 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 15.4% 274 36021 € 763 €/m²
Padomju sērijveida (1946–1993) 78.5% 1398 15399 € 338 €/m²
Jaunā celtne (1994–2014) 6.1% 108 72379 € 1442 €/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)

488
Sep 2014

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Vecmīlgrāvis 434 €/m² ▲ 7.2%
Imanta 789 €/m² ▲ 5.4%
Purvciems 728 €/m² ▲ 2.6%
Grīziņkalns 854 €/m² ▲ 0.8%
Maskavas priekšpilsēta 427 €/m² ▲ 0.5%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Šampēteris-Pleskodāle 696 €/m² ▼ -58.5%
Āgenskalns 674 €/m² ▼ -55.8%
Dārzciems 561 €/m² ▼ -46.0%
Teika 785 €/m² ▼ -39.3%
Ķengarags 423 €/m² ▼ -27.7%

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.