Nivora

Real estate market report — Augusts 2016

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

2339
Apartment deals
28126 €
Average price
548 €/m² ▲5.8%
Average per m² (vs. previous period)
3508 / 1508
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.

16.0% Vecbūve (līdz 1945) (339 deals)
75.4% Padomju sērijveida (1946–1993) (1603 deals)
7.7% Jaunā celtne (1994–2014) (164 deals)
0.9% Jaunākie projekti (2015+) (19 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 16.0% 339 29288 € 746 €/m²
Padomju sērijveida (1946–1993) 75.4% 1603 16568 € 370 €/m²
Jaunā celtne (1994–2014) 7.7% 164 67687 € 1424 €/m²
Jaunākie projekti (2015+) 0.9% 19 166614 € 3505 €/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)

548
Aug 2016

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Imanta 952 €/m² ▲ 37.2%
Ziepniekkalns 728 €/m² ▲ 11.5%
Centrs 1328 €/m² ▲ 11.3%
Vecmīlgrāvis 559 €/m² ▲ 10.5%
Maskavas priekšpilsēta 303 €/m² ▲ 8.3%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Ilguciems 528 €/m² ▼ -24.6%
Daugavgrīva 404 €/m² ▼ -22.8%
Torņakalns 461 €/m² ▼ -17.9%
Sarkandaugava 480 €/m² ▼ -14.0%
Aplokciems 458 €/m² ▼ -11.2%

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.