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Real estate market report — Decembris 2017

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

2170
Apartment deals
34011 €
Average price
695 €/m² ▲4.8%
Average per m² (vs. previous period)
3095 / 1851
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.

19.4% Vecbūve (līdz 1945) (384 deals)
64.1% Padomju sērijveida (1946–1993) (1266 deals)
8.5% Jaunā celtne (1994–2014) (168 deals)
8.0% Jaunākie projekti (2015+) (158 deals)
Building era% of dealsDealsAverage priceAvg. €/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.

Price trend (€/m² by month)

695
Dec 2017

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
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%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
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%

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.