Real estate market report — Jūnijs 2016

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

From

Building era

Neighborhood

1873

Apartment deals

30607 €

Average price

610 €/m² ▲1.5%

Average per m² (vs. previous period)

3286 / 1400

Building / land deals

Key insights

Vidējā cena par m² pieauga par 1.5% salīdzinājumā ar iepriekšējo periodu.
77.6% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 6.9% - jaunajos projektos (celtos pēc 1994. gada).
Jaunākie projekti (2015+) dzīvokļi vidēji ir par 55% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Šampēteris-Pleskodāle apkaimē (+121.2%).
Kopā reģistrēti 1873 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.

15.5% Vecbūve (līdz 1945) (264 deals)

77.6% Padomju sērijveida (1946–1993) (1320 deals)

6.0% Jaunā celtne (1994–2014) (102 deals)

0.9% Jaunākie projekti (2015+) (16 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	15.5%	264	58743 €	1210 €/m²
Padomju sērijveida (1946–1993)	77.6%	1320	17990 €	392 €/m²
Jaunā celtne (1994–2014)	6.0%	102	85055 €	1505 €/m²
Jaunākie projekti (2015+)	0.9%	16	85631 €	1879 €/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)

610

Jūn 2016

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Šampēteris-Pleskodāle	1140 €/m²	▲ 121.2%
Centrs	1967 €/m²	▲ 44.5%
Ziepniekkalns	900 €/m²	▲ 23.9%
Zolitūde	862 €/m²	▲ 15.7%
Imanta	739 €/m²	▲ 9.0%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Teika	668 €/m²	▼ -48.1%
Āgenskalns	1023 €/m²	▼ -19.1%
Purvciems	651 €/m²	▼ -14.0%
Mežciems	779 €/m²	▼ -13.8%
Sarkandaugava	471 €/m²	▼ -12.7%

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.