Real estate market report — Jūlijs 2015

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

From

Building era

Neighborhood

2036

Apartment deals

26568 €

Average price

530 €/m² ▼-6.9%

Average per m² (vs. previous period)

3625 / 1535

Building / land deals

Key insights

Vidējā cena par m² samazinājās par 6.9% salīdzinājumā ar iepriekšējo periodu.
78.6% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 10.0% - jaunajos projektos (celtos pēc 1994. gada).
Jaunākie projekti (2015+) dzīvokļi vidēji ir par 113% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Grīziņkalns apkaimē (+64.2%).
Kopā reģistrēti 2036 dzīvokļu darījumi Rīgā šajā periodā.

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.

11.4% Vecbūve (līdz 1945) (209 deals)

78.6% Padomju sērijveida (1946–1993) (1445 deals)

9.7% Jaunā celtne (1994–2014) (179 deals)

0.3% Jaunākie projekti (2015+) (6 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	11.4%	209	36529 €	742 €/m²
Padomju sērijveida (1946–1993)	78.6%	1445	15896 €	347 €/m²
Jaunā celtne (1994–2014)	9.7%	179	76017 €	1548 €/m²
Jaunākie projekti (2015+)	0.3%	6	41830 €	1581 €/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)

530

Jūl 2015

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Grīziņkalns	761 €/m²	▲ 64.2%
Dārzciems	767 €/m²	▲ 39.0%
Pļavnieki	759 €/m²	▲ 15.7%
Jugla	636 €/m²	▲ 8.4%
Šampēteris-Pleskodāle	978 €/m²	▲ 6.0%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Krasta ielas rajons	504 €/m²	▼ -29.3%
Zolitūde	580 €/m²	▼ -23.1%
Čiekurkalns	757 €/m²	▼ -16.9%
Teika	607 €/m²	▼ -16.5%
Ziepniekkalns	655 €/m²	▼ -13.4%

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.