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) | 18.3% | 291 | 48887 € | 1033 €/m² |
| Padomju sērijveida (1946–1993) | 67.0% | 1068 | 24694 € | 553 €/m² |
| Jaunā celtne (1994–2014) | 6.7% | 107 | 71950 € | 1329 €/m² |
| Jaunākie projekti (2015+) | 8.0% | 127 | 116566 € | 2304 €/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 | 1455 €/m² | ▲ 44.6% |
| Torņakalns | 888 €/m² | ▲ 31.2% |
| Sarkandaugava | 824 €/m² | ▲ 29.1% |
| Teika | 1507 €/m² | ▲ 28.6% |
| Vecmīlgrāvis | 697 €/m² | ▲ 23.7% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Aplokciems | 586 €/m² | ▼ -29.9% |
| Ziepniekkalns | 990 €/m² | ▼ -18.9% |
| Jugla | 902 €/m² | ▼ -8.6% |
| Zolitūde | 1064 €/m² | ▼ -7.2% |
| Ilguciems | 863 €/m² | ▼ -6.5% |
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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.