Real estate market report — Jūlijs 2016

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

From

Building era

Neighborhood

1984

Apartment deals

25351 €

Average price

518 €/m² ▼-15.1%

Average per m² (vs. previous period)

3335 / 1496

Building / land deals

Key insights

Vidējā cena par m² samazinājās par 15.1% salīdzinājumā ar iepriekšējo periodu.
77.5% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 7.4% - jaunajos projektos (celtos pēc 1994. gada).
Jaunākie projekti (2015+) dzīvokļi vidēji ir par 30% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Teika apkaimē (+21.7%).
Kopā reģistrēti 1984 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.

15.2% Vecbūve (līdz 1945) (276 deals)

77.5% Padomju sērijveida (1946–1993) (1407 deals)

6.2% Jaunā celtne (1994–2014) (112 deals)

1.2% Jaunākie projekti (2015+) (21 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	15.2%	276	36075 €	751 €/m²
Padomju sērijveida (1946–1993)	77.5%	1407	17143 €	380 €/m²
Jaunā celtne (1994–2014)	6.2%	112	72461 €	1576 €/m²
Jaunākie projekti (2015+)	1.2%	21	58529 €	977 €/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)

518

Jūl 2016

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Teika	813 €/m²	▲ 21.7%
Sarkandaugava	558 €/m²	▲ 18.5%
Purvciems	757 €/m²	▲ 16.2%
Ilguciems	700 €/m²	▲ 14.8%
Ķengarags	560 €/m²	▲ 10.4%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Maskavas priekšpilsēta	280 €/m²	▼ -43.8%
Šampēteris-Pleskodāle	662 €/m²	▼ -41.9%
Centrs	1193 €/m²	▼ -39.3%
Ziepniekkalns	653 €/m²	▼ -27.4%
Zolitūde	688 €/m²	▼ -20.3%

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.