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) | 13.8% | 172 | 37341 € | 841 €/m² |
| Padomju sērijveida (1946–1993) | 60.4% | 751 | 19811 € | 455 €/m² |
| Jaunā celtne (1994–2014) | 8.4% | 104 | 63636 € | 1531 €/m² |
| Jaunākie projekti (2015+) | 17.4% | 217 | 85518 € | 1916 €/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 |
|---|---|---|
| Dārzciems | 1017 €/m² | ▲ 33.3% |
| Bolderāja | 634 €/m² | ▲ 18.0% |
| Ilguciems | 856 €/m² | ▲ 9.6% |
| Zolitūde | 949 €/m² | ▲ 7.6% |
| Mežciems | 1271 €/m² | ▲ 6.1% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Torņakalns | 899 €/m² | ▼ -50.0% |
| Imanta | 1211 €/m² | ▼ -20.6% |
| Āgenskalns | 897 €/m² | ▼ -19.9% |
| Sarkandaugava | 529 €/m² | ▼ -15.7% |
| Jugla | 691 €/m² | ▼ -12.8% |
Filter by price, area, room count, neighborhood and building era.
Data from the State Land Service's (VZD, data.gov.lv) open data. Calculations are done automatically, without AI-generated analysis.