A real report on the Latvian real estate market, based on VZD-registered deals.
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.
| Building era | % of deals | Deals | Average price | Avg. €/m² |
|---|---|---|---|---|
| Vecbūve (līdz 1945) | 15.2% | 243 | 36835 € | 811 €/m² |
| Padomju sērijveida (1946–1993) | 69.5% | 1112 | 16478 € | 368 €/m² |
| Jaunā celtne (1994–2014) | 11.2% | 179 | 55959 € | 1175 €/m² |
| Jaunākie projekti (2015+) | 4.2% | 67 | 61505 € | 1561 €/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.
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Šampēteris-Pleskodāle | 966 €/m² | ▲ 36.2% |
| Čiekurkalns | 930 €/m² | ▲ 33.2% |
| Krasta ielas rajons | 635 €/m² | ▲ 26.2% |
| Torņakalns | 747 €/m² | ▲ 15.8% |
| Teika | 905 €/m² | ▲ 15.5% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Centrs | 1300 €/m² | ▼ -22.6% |
| Bolderāja | 355 €/m² | ▼ -21.3% |
| Āgenskalns | 788 €/m² | ▼ -21.2% |
| Sarkandaugava | 441 €/m² | ▼ -17.5% |
| Maskavas priekšpilsēta | 359 €/m² | ▼ -15.4% |
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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.