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) | 16.1% | 308 | 43199 € | 847 €/m² |
| Padomju sērijveida (1946–1993) | 70.9% | 1356 | 21482 € | 478 €/m² |
| Jaunā celtne (1994–2014) | 10.0% | 192 | 71075 € | 1429 €/m² |
| Jaunākie projekti (2015+) | 2.9% | 56 | 97939 € | 2515 €/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 |
|---|---|---|
| Daugavgrīva | 613 €/m² | ▲ 70.9% |
| Bolderāja | 613 €/m² | ▲ 55.9% |
| Maskavas priekšpilsēta | 756 €/m² | ▲ 41.2% |
| Šampēteris-Pleskodāle | 1056 €/m² | ▲ 34.3% |
| Aplokciems | 1091 €/m² | ▲ 29.2% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Centrs | 1380 €/m² | ▼ -15.1% |
| Grīziņkalns | 1222 €/m² | ▼ -11.3% |
| Jugla | 710 €/m² | ▼ -9.1% |
| Sarkandaugava | 664 €/m² | ▼ -7.5% |
| Ķengarags | 711 €/m² | ▼ -6.9% |
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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.