Nivora

Real estate market report — Decembris 2016

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

2346
Apartment deals
64949 €
Average price
704 €/m² ▲19.5%
Average per m² (vs. previous period)
2536 / 1585
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.

19.0% Vecbūve (līdz 1945) (399 deals)
64.4% Padomju sērijveida (1946–1993) (1354 deals)
9.7% Jaunā celtne (1994–2014) (204 deals)
6.9% Jaunākie projekti (2015+) (146 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 19.0% 399 228742 € 4888 €/m²
Padomju sērijveida (1946–1993) 64.4% 1354 17748 € 388 €/m²
Jaunā celtne (1994–2014) 9.7% 204 73470 € 1502 €/m²
Jaunākie projekti (2015+) 6.9% 146 67886 € 1962 €/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)

704
Dec 2016

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Imanta 1081 €/m² ▲ 40.2%
Ilguciems 842 €/m² ▲ 39.3%
Centrs 1681 €/m² ▲ 38.8%
Sarkandaugava 535 €/m² ▲ 22.6%
Jugla 724 €/m² ▲ 18.8%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Šampēteris-Pleskodāle 709 €/m² ▼ -29.6%
Ziepniekkalns 766 €/m² ▼ -16.7%
Mežciems 699 €/m² ▼ -12.3%
Zolitūde 786 €/m² ▼ -8.6%
Teika 783 €/m² ▼ -7.5%

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.