Nivora

Real estate market report — Novembris 2017

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

2110
Apartment deals
43192 €
Average price
663 €/m² ▲3.4%
Average per m² (vs. previous period)
2938 / 1550
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.

16.3% Vecbūve (līdz 1945) (318 deals)
69.4% Padomju sērijveida (1946–1993) (1349 deals)
10.2% Jaunā celtne (1994–2014) (198 deals)
4.1% Jaunākie projekti (2015+) (80 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 16.3% 318 117410 € 2558 €/m²
Padomju sērijveida (1946–1993) 69.4% 1349 20534 € 457 €/m²
Jaunā celtne (1994–2014) 10.2% 198 53095 € 1306 €/m²
Jaunākie projekti (2015+) 4.1% 80 88940 € 2196 €/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)

663
Nov 2017

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Torņakalns 808 €/m² ▲ 81.1%
Aplokciems 1231 €/m² ▲ 45.4%
Daugavgrīva 481 €/m² ▲ 25.4%
Mežciems 926 €/m² ▲ 24.7%
Ilguciems 759 €/m² ▲ 20.8%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Zasulauks 1280 €/m² ▼ -40.0%
Ķengarags 703 €/m² ▼ -34.6%
Čiekurkalns 652 €/m² ▼ -27.0%
Purvciems 777 €/m² ▼ -14.7%
Sarkandaugava 560 €/m² ▼ -13.3%

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.