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) | 16.1% | 283 | 41611 € | 897 €/m² |
| Padomju sērijveida (1946–1993) | 74.9% | 1316 | 15478 € | 339 €/m² |
| Jaunā celtne (1994–2014) | 9.0% | 158 | 73961 € | 1513 €/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 |
|---|---|---|
| Čiekurkalns | 1117 €/m² | ▲ 47.6% |
| Zolitūde | 805 €/m² | ▲ 38.9% |
| Teika | 830 €/m² | ▲ 36.7% |
| Āgenskalns | 1036 €/m² | ▲ 28.4% |
| Centrs | 1563 €/m² | ▲ 24.3% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Ilguciems | 436 €/m² | ▼ -26.9% |
| Grīziņkalns | 613 €/m² | ▼ -19.4% |
| Dārzciems | 618 €/m² | ▼ -19.4% |
| Šampēteris-Pleskodāle | 802 €/m² | ▼ -18.0% |
| Pļavnieki | 718 €/m² | ▼ -5.5% |
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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.