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) | 15.4% | 256 | 42731 € | 919 €/m² |
| Padomju sērijveida (1946–1993) | 71.1% | 1179 | 19775 € | 430 €/m² |
| Jaunā celtne (1994–2014) | 8.9% | 147 | 54261 € | 1048 €/m² |
| Jaunākie projekti (2015+) | 4.6% | 77 | 73360 € | 1653 €/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 |
|---|---|---|
| Maskavas priekšpilsēta | 585 €/m² | ▲ 62.9% |
| Sarkandaugava | 667 €/m² | ▲ 51.2% |
| Dārzciems | 1123 €/m² | ▲ 34.9% |
| Bolderāja | 470 €/m² | ▲ 32.3% |
| Mežciems | 779 €/m² | ▲ 24.6% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Čiekurkalns | 735 €/m² | ▼ -20.9% |
| Imanta | 805 €/m² | ▼ -20.9% |
| Ilguciems | 784 €/m² | ▼ -15.0% |
| Ziepniekkalns | 814 €/m² | ▼ -3.2% |
| Teika | 880 €/m² | ▼ -2.7% |
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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.