Real estate market report — Augusts 2020

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

From

Building era

Neighborhood

2097

Apartment deals

38618 €

Average price

767 €/m² ▲10.8%

Average per m² (vs. previous period)

2928 / 1949

Building / land deals

Key insights

Vidējā cena par m² pieauga par 10.8% salīdzinājumā ar iepriekšējo periodu.
67.9% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 14.4% - jaunajos projektos (celtos pēc 1994. gada).
Jaunākie projekti (2015+) dzīvokļi vidēji ir par 112% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Maskavas priekšpilsēta apkaimē (+37.7%).
Kopā reģistrēti 2097 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.

17.6% Vecbūve (līdz 1945) (350 deals)

67.9% Padomju sērijveida (1946–1993) (1348 deals)

5.8% Jaunā celtne (1994–2014) (116 deals)

8.6% Jaunākie projekti (2015+) (170 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	17.6%	350	52746 €	1205 €/m²
Padomju sērijveida (1946–1993)	67.9%	1348	21635 €	490 €/m²
Jaunā celtne (1994–2014)	5.8%	116	66239 €	1235 €/m²
Jaunākie projekti (2015+)	8.6%	170	116043 €	2557 €/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)

767

Aug 2020

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Maskavas priekšpilsēta	1002 €/m²	▲ 37.7%
Šampēteris-Pleskodāle	1235 €/m²	▲ 21.3%
Centrs	1639 €/m²	▲ 17.8%
Sarkandaugava	619 €/m²	▲ 14.6%
Torņakalns	1034 €/m²	▲ 7.7%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Čiekurkalns	500 €/m²	▼ -53.0%
Bolderāja	436 €/m²	▼ -22.2%
Zolitūde	834 €/m²	▼ -19.7%
Ilguciems	802 €/m²	▼ -16.0%
Dārzciems	705 €/m²	▼ -15.6%

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.