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) | 15.4% | 322 | 41639 € | 848 €/m² |
| Padomju sērijveida (1946–1993) | 67.8% | 1415 | 25356 € | 559 €/m² |
| Jaunā celtne (1994–2014) | 7.8% | 162 | 78222 € | 1555 €/m² |
| Jaunākie projekti (2015+) | 9.0% | 187 | 100892 € | 2179 €/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 | 1083 €/m² | ▲ 116.6% |
| Sarkandaugava | 848 €/m² | ▲ 37.0% |
| Daugavgrīva | 556 €/m² | ▲ 24.9% |
| Zolitūde | 988 €/m² | ▲ 18.5% |
| Āgenskalns | 1322 €/m² | ▲ 18.5% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Grīziņkalns | 935 €/m² | ▼ -27.4% |
| Jugla | 797 €/m² | ▼ -11.5% |
| Ķengarags | 685 €/m² | ▼ -9.8% |
| Šampēteris-Pleskodāle | 1121 €/m² | ▼ -9.2% |
| Teika | 1202 €/m² | ▼ -8.4% |
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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.