Real estate market report — Jūlijs 2018

A real report on the Latvian real estate market, based on VZD-registered deals.

From

Building era

Neighborhood

2028

Apartment deals

31868 €

Average price

664 €/m² ▲3.1%

Average per m² (vs. previous period)

2853 / 1471

Building / land deals

Key insights

Vidējā cena par m² pieauga par 3.1% salīdzinājumā ar iepriekšējo periodu.
69.5% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 14.4% - jaunajos projektos (celtos pēc 1994. gada).
Jaunākie projekti (2015+) dzīvokļi vidēji ir par 169% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Maskavas priekšpilsēta apkaimē (+86.4%).
Kopā reģistrēti 2028 dzīvokļu darījumi Rīgā šajā periodā.

Deal breakdown by building era

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.

16.2% Vecbūve (līdz 1945) (303 deals)

69.5% Padomju sērijveida (1946–1993) (1303 deals)

9.9% Jaunā celtne (1994–2014) (185 deals)

4.5% Jaunākie projekti (2015+) (84 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	16.2%	303	35311 €	790 €/m²
Padomju sērijveida (1946–1993)	69.5%	1303	19819 €	442 €/m²
Jaunā celtne (1994–2014)	9.9%	185	64732 €	1619 €/m²
Jaunākie projekti (2015+)	4.5%	84	86899 €	2122 €/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.

Price trend (€/m² by month)

664

Jūl 2018

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Maskavas priekšpilsēta	815 €/m²	▲ 86.4%
Ziepniekkalns	1046 €/m²	▲ 25.5%
Āgenskalns	1157 €/m²	▲ 22.9%
Teika	996 €/m²	▲ 22.6%
Imanta	1062 €/m²	▲ 16.9%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Daugavgrīva	541 €/m²	▼ -27.4%
Mežciems	916 €/m²	▼ -21.9%
Bolderāja	384 €/m²	▼ -17.2%
Ilguciems	659 €/m²	▼ -14.5%
Centrs	1410 €/m²	▼ -11.6%

See all deals in this period

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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.