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) | 18.6% | 350 | 45560 € | 1066 €/m² |
| Padomju sērijveida (1946–1993) | 63.8% | 1200 | 21332 € | 479 €/m² |
| Jaunā celtne (1994–2014) | 8.3% | 156 | 72323 € | 1358 €/m² |
| Jaunākie projekti (2015+) | 9.3% | 174 | 83511 € | 1810 €/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 |
|---|---|---|
| Bolderāja | 575 €/m² | ▲ 31.0% |
| Jugla | 904 €/m² | ▲ 27.5% |
| Maskavas priekšpilsēta | 679 €/m² | ▲ 17.7% |
| Ziepniekkalns | 1167 €/m² | ▲ 12.1% |
| Šampēteris-Pleskodāle | 1056 €/m² | ▲ 11.5% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Daugavgrīva | 321 €/m² | ▼ -39.1% |
| Āgenskalns | 1011 €/m² | ▼ -25.5% |
| Centrs | 1325 €/m² | ▼ -18.9% |
| Dārzciems | 830 €/m² | ▼ -16.0% |
| Sarkandaugava | 630 €/m² | ▼ -10.6% |
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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.