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) | 15.9% | 288 | 59234 € | 1276 €/m² |
| Padomju sērijveida (1946–1993) | 67.5% | 1219 | 30074 € | 674 €/m² |
| Jaunā celtne (1994–2014) | 8.0% | 145 | 81695 € | 1680 €/m² |
| Jaunākie projekti (2015+) | 8.5% | 154 | 101875 € | 2281 €/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 |
|---|---|---|
| Purvciems | 1371 €/m² | ▲ 23.3% |
| Maskavas priekšpilsēta | 985 €/m² | ▲ 16.4% |
| Dārzciems | 1078 €/m² | ▲ 9.6% |
| Šampēteris-Pleskodāle | 950 €/m² | ▲ 8.4% |
| Ziepniekkalns | 1136 €/m² | ▲ 6.4% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Ķengarags | 1034 €/m² | ▼ -28.3% |
| Aplokciems | 1278 €/m² | ▼ -27.1% |
| Daugavgrīva | 623 €/m² | ▼ -24.8% |
| Bolderāja | 487 €/m² | ▼ -15.8% |
| Pļavnieki | 1118 €/m² | ▼ -7.4% |
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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.