Real estate market report — Oktobris 2020

A real report on the Latvian real estate market, based on VZD-registered deals.

From

Building era

Neighborhood

2229

Apartment deals

39820 €

Average price

817 €/m² ▲4.5%

Average per m² (vs. previous period)

3271 / 1992

Building / land deals

Key insights

Vidējā cena par m² pieauga par 4.5% salīdzinājumā ar iepriekšējo periodu.
66.3% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 17.6% - jaunajos projektos (celtos pēc 1994. gada).
Jaunākie projekti (2015+) dzīvokļi vidēji ir par 118% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Zolitūde apkaimē (+42.6%).
Kopā reģistrēti 2229 dzīvokļu darījumi Rīgā šajā periodā.

Deal breakdown by building era

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.

16.2% Vecbūve (līdz 1945) (342 deals)

66.3% Padomju sērijveida (1946–1993) (1402 deals)

7.8% Jaunā celtne (1994–2014) (164 deals)

9.8% Jaunākie projekti (2015+) (208 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	16.2%	342	51686 €	1083 €/m²
Padomju sērijveida (1946–1993)	66.3%	1402	23315 €	507 €/m²
Jaunā celtne (1994–2014)	7.8%	164	69170 €	1407 €/m²
Jaunākie projekti (2015+)	9.8%	208	105473 €	2361 €/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.

Price trend (€/m² by month)

817

Okt 2020

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Zolitūde	1410 €/m²	▲ 42.6%
Grīziņkalns	1259 €/m²	▲ 34.5%
Daugavgrīva	707 €/m²	▲ 27.0%
Dārzciems	949 €/m²	▲ 18.3%
Mežaparks	1831 €/m²	▲ 15.9%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Sarkandaugava	636 €/m²	▼ -25.1%
Bolderāja	335 €/m²	▼ -25.1%
Čiekurkalns	848 €/m²	▼ -21.7%
Vecmīlgrāvis	613 €/m²	▼ -12.7%
Ziepniekkalns	1020 €/m²	▼ -11.9%

See all deals in this period

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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.