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) | 19.4% | 384 | 43318 € | 840 €/m² |
| Padomju sērijveida (1946–1993) | 64.1% | 1266 | 19053 € | 420 €/m² |
| Jaunā celtne (1994–2014) | 8.5% | 168 | 63609 € | 1314 €/m² |
| Jaunākie projekti (2015+) | 8.0% | 158 | 93375 € | 2205 €/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 |
|---|---|---|
| Ķengarags | 1104 €/m² | ▲ 57.2% |
| Čiekurkalns | 833 €/m² | ▲ 27.8% |
| Ziepniekkalns | 878 €/m² | ▲ 17.8% |
| Sarkandaugava | 645 €/m² | ▲ 15.2% |
| Jugla | 835 €/m² | ▲ 14.3% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Torņakalns | 407 €/m² | ▼ -49.6% |
| Aplokciems | 661 €/m² | ▼ -46.3% |
| Šampēteris-Pleskodāle | 606 €/m² | ▼ -45.7% |
| Āgenskalns | 891 €/m² | ▼ -27.3% |
| Dārzciems | 684 €/m² | ▼ -26.2% |
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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.