Nivora

Real estate market report — Decembris 2015

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

1855
Apartment deals
29333 €
Average price
596 €/m² ▲4.0%
Average per m² (vs. previous period)
2776 / 1725
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.

15.1% Vecbūve (līdz 1945) (249 deals)
74.9% Padomju sērijveida (1946–1993) (1234 deals)
8.4% Jaunā celtne (1994–2014) (138 deals)
1.6% Jaunākie projekti (2015+) (27 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 15.1% 249 42598 € 883 €/m²
Padomju sērijveida (1946–1993) 74.9% 1234 17851 € 390 €/m²
Jaunā celtne (1994–2014) 8.4% 138 63665 € 1401 €/m²
Jaunākie projekti (2015+) 1.6% 27 92875 € 1901 €/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)

596
Dec 2015

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Āgenskalns 1312 €/m² ▲ 48.6%
Maskavas priekšpilsēta 496 €/m² ▲ 46.4%
Bolderāja 364 €/m² ▲ 31.8%
Vecmīlgrāvis 556 €/m² ▲ 31.6%
Pļavnieki 912 €/m² ▲ 17.3%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Čiekurkalns 779 €/m² ▼ -33.0%
Ziepniekkalns 827 €/m² ▼ -25.2%
Jugla 584 €/m² ▼ -21.0%
Ilguciems 452 €/m² ▼ -19.4%
Daugavgrīva 323 €/m² ▼ -19.0%

See all deals in this period

Filter by price, area, room count, neighborhood and building era.

Explore deals →

Data from the State Land Service's (VZD, data.gov.lv) open data. Calculations are done automatically, without AI-generated analysis.