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) | 16.2% | 287 | 35513 € | 793 €/m² |
| Padomju sērijveida (1946–1993) | 72.1% | 1276 | 20198 € | 441 €/m² |
| Jaunā celtne (1994–2014) | 8.0% | 141 | 65622 € | 1315 €/m² |
| Jaunākie projekti (2015+) | 3.7% | 65 | 102418 € | 2406 €/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 |
|---|---|---|
| Čiekurkalns | 482 €/m² | ▲ 37.8% |
| Maskavas priekšpilsēta | 886 €/m² | ▲ 36.5% |
| Zasulauks | 1116 €/m² | ▲ 22.1% |
| Ilguciems | 799 €/m² | ▲ 20.8% |
| Pļavnieki | 989 €/m² | ▲ 17.4% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Šampēteris-Pleskodāle | 853 €/m² | ▼ -35.3% |
| Imanta | 765 €/m² | ▼ -27.3% |
| Bolderāja | 438 €/m² | ▼ -25.2% |
| Sarkandaugava | 599 €/m² | ▼ -24.6% |
| Āgenskalns | 1150 €/m² | ▼ -20.2% |
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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.