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) | 17.4% | 404 | 36784 € | 840 €/m² |
| Padomju sērijveida (1946–1993) | 68.6% | 1593 | 20012 € | 450 €/m² |
| Jaunā celtne (1994–2014) | 6.5% | 152 | 65885 € | 1413 €/m² |
| Jaunākie projekti (2015+) | 7.5% | 173 | 74571 € | 2163 €/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 | 1486 €/m² | ▲ 179.6% |
| Torņakalns | 1297 €/m² | ▲ 34.1% |
| Šampēteris-Pleskodāle | 1310 €/m² | ▲ 25.4% |
| Sarkandaugava | 696 €/m² | ▲ 22.6% |
| Imanta | 1123 €/m² | ▲ 19.3% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Grīziņkalns | 1084 €/m² | ▼ -49.0% |
| Bolderāja | 308 €/m² | ▼ -44.7% |
| Āgenskalns | 654 €/m² | ▼ -44.1% |
| Ziepniekkalns | 851 €/m² | ▼ -26.7% |
| Zasulauks | 1473 €/m² | ▼ -17.5% |
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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.