Nivora

Real estate market report — Marts 2015

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

1833
Apartment deals
26167 €
Average price
506 €/m² ▼-71.7%
Average per m² (vs. previous period)
2669 / 1496
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.

12.6% Vecbūve (līdz 1945) (212 deals)
79.4% Padomju sērijveida (1946–1993) (1337 deals)
8.0% Jaunā celtne (1994–2014) (134 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 12.6% 212 40499 € 821 €/m²
Padomju sērijveida (1946–1993) 79.4% 1337 14656 € 326 €/m²
Jaunā celtne (1994–2014) 8.0% 134 79520 € 1716 €/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)

506
Mar 2015

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Dārzciems 694 €/m² ▲ 24.0%
Centrs 1262 €/m² ▲ 19.7%
Jugla 824 €/m² ▲ 19.3%
Bolderāja 422 €/m² ▲ 16.2%
Ilguciems 551 €/m² ▲ 7.3%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Maskavas priekšpilsēta 327 €/m² ▼ -50.3%
Vecmīlgrāvis 372 €/m² ▼ -28.7%
Šampēteris-Pleskodāle 422 €/m² ▼ -28.2%
Mežciems 569 €/m² ▼ -22.6%
Aplokciems 394 €/m² ▼ -22.6%

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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.