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) | 15.0% | 293 | 57354 € | 1198 €/m² |
| Padomju sērijveida (1946–1993) | 67.7% | 1322 | 32928 € | 735 €/m² |
| Jaunā celtne (1994–2014) | 7.7% | 150 | 81187 € | 1561 €/m² |
| Jaunākie projekti (2015+) | 9.6% | 187 | 87013 € | 2313 €/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 |
|---|---|---|
| Sarkandaugava | 869 €/m² | ▲ 29.0% |
| Dārzciems | 1257 €/m² | ▲ 27.7% |
| Zolitūde | 1336 €/m² | ▲ 20.5% |
| Torņakalns | 1618 €/m² | ▲ 17.3% |
| Daugavgrīva | 850 €/m² | ▲ 15.2% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Maskavas priekšpilsēta | 1267 €/m² | ▼ -42.5% |
| Aplokciems | 1038 €/m² | ▼ -39.4% |
| Čiekurkalns | 845 €/m² | ▼ -32.1% |
| Āgenskalns | 1237 €/m² | ▼ -28.9% |
| Vecmīlgrāvis | 592 €/m² | ▼ -17.0% |
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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.