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) | 16.2% | 363 | 64726 € | 1388 €/m² |
| Padomju sērijveida (1946–1993) | 58.3% | 1305 | 27367 € | 618 €/m² |
| Jaunā celtne (1994–2014) | 11.0% | 246 | 66705 € | 1546 €/m² |
| Jaunākie projekti (2015+) | 14.4% | 323 | 105484 € | 2039 €/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 |
|---|---|---|
| Mežciems | 1379 €/m² | ▲ 98.8% |
| Vecrīga | 1864 €/m² | ▲ 63.7% |
| Aplokciems | 1568 €/m² | ▲ 57.8% |
| Purvciems | 1356 €/m² | ▲ 23.8% |
| Ziepniekkalns | 1229 €/m² | ▲ 16.1% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Šampēteris-Pleskodāle | 845 €/m² | ▼ -34.5% |
| Čiekurkalns | 812 €/m² | ▼ -22.2% |
| Maskavas priekšpilsēta | 1026 €/m² | ▼ -18.7% |
| Torņakalns | 930 €/m² | ▼ -13.7% |
| Teika | 1239 €/m² | ▼ -13.4% |
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.