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) | 19.3% | 239 | 42532 € | 922 €/m² |
| Padomju sērijveida (1946–1993) | 68.5% | 847 | 18194 € | 418 €/m² |
| Jaunā celtne (1994–2014) | 5.7% | 70 | 63624 € | 1567 €/m² |
| Jaunākie projekti (2015+) | 6.5% | 81 | 87226 € | 2205 €/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 |
|---|---|---|
| Āgenskalns | 1427 €/m² | ▲ 59.1% |
| Pļavnieki | 1001 €/m² | ▲ 16.9% |
| Torņakalns | 1033 €/m² | ▲ 14.9% |
| Zolitūde | 1045 €/m² | ▲ 10.1% |
| Jugla | 754 €/m² | ▲ 9.0% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Teika | 1122 €/m² | ▼ -33.6% |
| Vecmīlgrāvis | 388 €/m² | ▼ -32.5% |
| Aplokciems | 502 €/m² | ▼ -22.8% |
| Purvciems | 902 €/m² | ▼ -21.7% |
| Maskavas priekšpilsēta | 456 €/m² | ▼ -20.7% |
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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.