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) | 16.7% | 294 | 44671 € | 936 €/m² |
| Padomju sērijveida (1946–1993) | 68.0% | 1200 | 23163 € | 515 €/m² |
| Jaunā celtne (1994–2014) | 9.7% | 171 | 92423 € | 1772 €/m² |
| Jaunākie projekti (2015+) | 5.7% | 100 | 83913 € | 2531 €/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 |
|---|---|---|
| Vecmīlgrāvis | 566 €/m² | ▲ 34.1% |
| Torņakalns | 1689 €/m² | ▲ 27.6% |
| Bolderāja | 510 €/m² | ▲ 26.9% |
| Ziepniekkalns | 1150 €/m² | ▲ 20.7% |
| Zasulauks | 1481 €/m² | ▲ 19.9% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Āgenskalns | 858 €/m² | ▼ -47.5% |
| Aplokciems | 517 €/m² | ▼ -46.9% |
| Teika | 958 €/m² | ▼ -11.7% |
| Maskavas priekšpilsēta | 665 €/m² | ▼ -9.2% |
| Purvciems | 924 €/m² | ▼ -6.0% |
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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.