Nivora

Real estate market report — Novembris 2020

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

2026
Apartment deals
41812 €
Average price
858 €/m² ▲5.0%
Average per m² (vs. previous period)
2604 / 1894
Building / land deals

Key insights

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.

19.0% Vecbūve (līdz 1945) (366 deals)
61.1% Padomju sērijveida (1946–1993) (1180 deals)
7.1% Jaunā celtne (1994–2014) (137 deals)
12.8% Jaunākie projekti (2015+) (247 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 19.0% 366 43932 € 1005 €/m²
Padomju sērijveida (1946–1993) 61.1% 1180 23213 € 510 €/m²
Jaunā celtne (1994–2014) 7.1% 137 76553 € 1553 €/m²
Jaunākie projekti (2015+) 12.8% 247 105244 € 2182 €/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)

858
Nov 2020

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Imanta 1438 €/m² ▲ 34.4%
Āgenskalns 1884 €/m² ▲ 30.6%
Grīziņkalns 1567 €/m² ▲ 24.5%
Bolderāja 413 €/m² ▲ 23.3%
Čiekurkalns 997 €/m² ▲ 17.6%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Šampēteris-Pleskodāle 768 €/m² ▼ -36.4%
Maskavas priekšpilsēta 893 €/m² ▼ -28.1%
Mežciems 1026 €/m² ▼ -17.6%
Sarkandaugava 533 €/m² ▼ -16.1%
Purvciems 1103 €/m² ▼ -8.5%

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.