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) | 14.0% | 292 | 48607 € | 955 €/m² |
| Padomju sērijveida (1946–1993) | 71.1% | 1488 | 19336 € | 434 €/m² |
| Jaunā celtne (1994–2014) | 6.3% | 132 | 76601 € | 1655 €/m² |
| Jaunākie projekti (2015+) | 8.6% | 180 | 72293 € | 1632 €/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 |
|---|---|---|
| Aplokciems | 846 €/m² | ▲ 143.5% |
| Šampēteris-Pleskodāle | 1056 €/m² | ▲ 64.6% |
| Ķengarags | 1074 €/m² | ▲ 56.3% |
| Āgenskalns | 1117 €/m² | ▲ 29.6% |
| Dārzciems | 960 €/m² | ▲ 29.0% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Torņakalns | 446 €/m² | ▼ -51.6% |
| Mežciems | 742 €/m² | ▼ -29.0% |
| Daugavgrīva | 384 €/m² | ▼ -16.9% |
| Zolitūde | 863 €/m² | ▼ -13.0% |
| Teika | 786 €/m² | ▼ -11.7% |
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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.