Real estate market report — Novembris 2022

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

From

Building era

Neighborhood

2126

Apartment deals

48235 €

Average price

1094 €/m² ▲13.3%

Average per m² (vs. previous period)

2486 / 1599

Building / land deals

Key insights

Vidējā cena par m² pieauga par 13.3% salīdzinājumā ar iepriekšējo periodu.
56.3% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 30.5% - jaunajos projektos (celtos pēc 1994. gada).
Jaunākie projekti (2015+) dzīvokļi vidēji ir par 100% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Mežciems apkaimē (+114.3%).
Kopā reģistrēti 2126 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.

13.3% Vecbūve (līdz 1945) (273 deals)

56.3% Padomju sērijveida (1946–1993) (1159 deals)

6.1% Jaunā celtne (1994–2014) (125 deals)

24.4% Jaunākie projekti (2015+) (502 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	13.3%	273	54762 €	1210 €/m²
Padomju sērijveida (1946–1993)	56.3%	1159	27154 €	616 €/m²
Jaunā celtne (1994–2014)	6.1%	125	93624 €	1927 €/m²
Jaunākie projekti (2015+)	24.4%	502	83136 €	2423 €/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)

1094

Nov 2022

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Mežciems	1983 €/m²	▲ 114.3%
Grīziņkalns	1302 €/m²	▲ 45.2%
Šampēteris-Pleskodāle	1155 €/m²	▲ 39.4%
Pļavnieki	1700 €/m²	▲ 31.1%
Maskavas priekšpilsēta	988 €/m²	▲ 21.0%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Sarkandaugava	840 €/m²	▼ -41.4%
Āgenskalns	1248 €/m²	▼ -28.3%
Ilguciems	858 €/m²	▼ -21.3%
Dārzciems	810 €/m²	▼ -15.1%
Ziepniekkalns	1126 €/m²	▼ -13.1%

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.