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) | 15.5% | 254 | 39397 € | 839 €/m² |
| Padomju sērijveida (1946–1993) | 74.7% | 1227 | 18972 € | 426 €/m² |
| Jaunā celtne (1994–2014) | 7.7% | 127 | 59433 € | 1303 €/m² |
| Jaunākie projekti (2015+) | 2.1% | 35 | 101337 € | 2158 €/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 | 716 €/m² | ▲ 95.6% |
| Sarkandaugava | 902 €/m² | ▲ 56.8% |
| Jugla | 848 €/m² | ▲ 28.0% |
| Ziepniekkalns | 870 €/m² | ▲ 19.7% |
| Vecmīlgrāvis | 590 €/m² | ▲ 9.6% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Aplokciems | 331 €/m² | ▼ -40.1% |
| Teika | 837 €/m² | ▼ -27.6% |
| Centrs | 1200 €/m² | ▼ -22.5% |
| Dārzciems | 982 €/m² | ▼ -19.3% |
| Krasta ielas rajons | 545 €/m² | ▼ -18.3% |
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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.