Real estate market report — Maijs 2022

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

From

Building era

Neighborhood

2260

Apartment deals

48309 €

Average price

1034 €/m² ▲7.2%

Average per m² (vs. previous period)

3563 / 1943

Building / land deals

Key insights

Vidējā cena par m² pieauga par 7.2% salīdzinājumā ar iepriekšējo periodu.
63.3% no Rīgā reģistrētajiem dzīvokļu darījumiem šajā periodā bija padomju sērijveida ēkās, savukārt 20.8% - jaunajos projektos (celtos pēc 1994. gada).
Jaunākie projekti (2015+) dzīvokļi vidēji ir par 80% dārgāki par m² nekā vecbūve (līdz 1945) ēkās.
Lielākais cenu kāpums bija Maskavas priekšpilsēta apkaimē (+123.5%).
Kopā reģistrēti 2260 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.

15.9% Vecbūve (līdz 1945) (341 deals)

63.3% Padomju sērijveida (1946–1993) (1357 deals)

7.3% Jaunā celtne (1994–2014) (157 deals)

13.5% Jaunākie projekti (2015+) (289 deals)

Building era	% of deals	Deals	Average price	Avg. €/m²
Vecbūve (līdz 1945)	15.9%	341	59558 €	1227 €/m²
Padomju sērijveida (1946–1993)	63.3%	1357	30233 €	683 €/m²
Jaunā celtne (1994–2014)	7.3%	157	78353 €	1726 €/m²
Jaunākie projekti (2015+)	13.5%	289	101011 €	2204 €/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)

1034

Mai 2022

Neighborhoods with the biggest price increase

Neighborhood	Avg. €/m²	Change
Maskavas priekšpilsēta	2202 €/m²	▲ 123.5%
Bolderāja	725 €/m²	▲ 48.9%
Aplokciems	1714 €/m²	▲ 34.1%
Pļavnieki	1451 €/m²	▲ 29.8%
Šampēteris-Pleskodāle	1149 €/m²	▲ 21.0%

Neighborhoods with the biggest price drop

Neighborhood	Avg. €/m²	Change
Teika	1377 €/m²	▼ -16.0%
Zolitūde	1108 €/m²	▼ -9.9%
Sarkandaugava	673 €/m²	▼ -9.9%
Dārzciems	985 €/m²	▼ -8.7%
Ķengarags	963 €/m²	▼ -6.9%

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.