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) | 16.6% | 317 | 45984 € | 990 €/m² |
| Padomju sērijveida (1946–1993) | 72.9% | 1393 | 17573 € | 399 €/m² |
| Jaunā celtne (1994–2014) | 7.7% | 147 | 67220 € | 1473 €/m² |
| Jaunākie projekti (2015+) | 2.8% | 53 | 85082 € | 2310 €/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 |
|---|---|---|
| Mežciems | 1046 €/m² | ▲ 65.9% |
| Čiekurkalns | 873 €/m² | ▲ 57.9% |
| Vecmīlgrāvis | 616 €/m² | ▲ 21.3% |
| Zolitūde | 992 €/m² | ▲ 20.1% |
| Torņakalns | 922 €/m² | ▲ 15.2% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Šampēteris-Pleskodāle | 642 €/m² | ▼ -45.2% |
| Āgenskalns | 862 €/m² | ▼ -43.6% |
| Sarkandaugava | 517 €/m² | ▼ -28.0% |
| Imanta | 936 €/m² | ▼ -26.6% |
| Grīziņkalns | 987 €/m² | ▼ -22.9% |
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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.