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) | 15.9% | 324 | 37785 € | 795 €/m² |
| Padomju sērijveida (1946–1993) | 73.3% | 1495 | 19680 € | 437 €/m² |
| Jaunā celtne (1994–2014) | 6.2% | 126 | 72317 € | 1380 €/m² |
| Jaunākie projekti (2015+) | 4.7% | 95 | 57743 € | 1821 €/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 |
|---|---|---|
| Torņakalns | 801 €/m² | ▲ 74.1% |
| Āgenskalns | 1528 €/m² | ▲ 39.1% |
| Teika | 1014 €/m² | ▲ 18.4% |
| Imanta | 1274 €/m² | ▲ 17.5% |
| Ķengarags | 698 €/m² | ▲ 12.1% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Mežciems | 630 €/m² | ▼ -26.8% |
| Čiekurkalns | 553 €/m² | ▼ -25.1% |
| Bolderāja | 431 €/m² | ▼ -22.4% |
| Ziepniekkalns | 741 €/m² | ▼ -16.7% |
| Vecmīlgrāvis | 508 €/m² | ▼ -12.0% |
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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.