Real estate market report — Janvāris 2016

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

From

Building era

Neighborhood

1538

Apartment deals

28073 €

Average price

589 €/m² ▼-1.2%

Average per m² (vs. previous period)

2167 / 1104

Building / land deals

Key insights

Vidējā cena par m² samazinājās par 1.2% salīdzinājumā ar iepriekšējo periodu.
72.0% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 12.1% - jaunajos projektos (celtos pēc 1994. gada).
Jaunākie projekti (2015+) dzīvokļi vidēji ir par 281% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Ilguciems apkaimē (+32.6%).
Kopā reģistrēti 1538 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.

15.9% Vecbūve (līdz 1945) (224 deals)

72.0% Padomju sērijveida (1946–1993) (1011 deals)

10.2% Jaunā celtne (1994–2014) (143 deals)

1.9% Jaunākie projekti (2015+) (27 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	15.9%	224	27350 €	610 €/m²
Padomju sērijveida (1946–1993)	72.0%	1011	16971 €	377 €/m²
Jaunā celtne (1994–2014)	10.2%	143	79338 €	1629 €/m²
Jaunākie projekti (2015+)	1.9%	27	98192 €	2327 €/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)

589

Jan 2016

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Ilguciems	600 €/m²	▲ 32.6%
Čiekurkalns	954 €/m²	▲ 22.4%
Centrs	1369 €/m²	▲ 21.8%
Imanta	762 €/m²	▲ 17.9%
Krasta ielas rajons	643 €/m²	▲ 15.6%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Bolderāja	252 €/m²	▼ -30.7%
Teika	724 €/m²	▼ -19.8%
Ziepniekkalns	679 €/m²	▼ -18.0%
Zolitūde	600 €/m²	▼ -14.9%
Mežciems	615 €/m²	▼ -14.5%

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.