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) | 15.9% | 316 | 45297 € | 950 €/m² |
| Padomju sērijveida (1946–1993) | 60.5% | 1204 | 24612 € | 532 €/m² |
| Jaunā celtne (1994–2014) | 7.6% | 151 | 82542 € | 1602 €/m² |
| Jaunākie projekti (2015+) | 16.1% | 320 | 157237 € | 2811 €/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 |
|---|---|---|
| Čiekurkalns | 1470 €/m² | ▲ 47.5% |
| Šampēteris-Pleskodāle | 1056 €/m² | ▲ 37.5% |
| Bolderāja | 551 €/m² | ▲ 33.3% |
| Teika | 1628 €/m² | ▲ 19.8% |
| Pļavnieki | 1039 €/m² | ▲ 17.6% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Āgenskalns | 1163 €/m² | ▼ -38.3% |
| Zolitūde | 1050 €/m² | ▼ -28.3% |
| Dārzciems | 764 €/m² | ▼ -14.8% |
| Jugla | 789 €/m² | ▼ -13.9% |
| Imanta | 1293 €/m² | ▼ -10.1% |
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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.