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% | 348 | 39849 € | 857 €/m² |
| Padomju sērijveida (1946–1993) | 71.9% | 1495 | 22491 € | 506 €/m² |
| Jaunā celtne (1994–2014) | 6.8% | 141 | 65439 € | 1455 €/m² |
| Jaunākie projekti (2015+) | 4.6% | 95 | 89948 € | 2179 €/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 |
|---|---|---|
| Maskavas priekšpilsēta | 797 €/m² | ▲ 19.9% |
| Ilguciems | 896 €/m² | ▲ 14.6% |
| Aplokciems | 589 €/m² | ▲ 14.0% |
| Teika | 1089 €/m² | ▲ 13.6% |
| Sarkandaugava | 704 €/m² | ▲ 8.5% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Šampēteris-Pleskodāle | 635 €/m² | ▼ -45.6% |
| Čiekurkalns | 1052 €/m² | ▼ -32.1% |
| Daugavgrīva | 387 €/m² | ▼ -30.2% |
| Mežciems | 798 €/m² | ▼ -21.5% |
| Centrs | 1390 €/m² | ▼ -19.1% |
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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.