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) | 15.2% | 308 | 47185 € | 1076 €/m² |
| Padomju sērijveida (1946–1993) | 69.2% | 1403 | 30746 € | 700 €/m² |
| Jaunā celtne (1994–2014) | 7.9% | 160 | 70003 € | 1475 €/m² |
| Jaunākie projekti (2015+) | 7.7% | 157 | 113988 € | 2442 €/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 |
|---|---|---|
| Čiekurkalns | 1113 €/m² | ▲ 31.7% |
| Teika | 1662 €/m² | ▲ 28.0% |
| Āgenskalns | 1584 €/m² | ▲ 28.0% |
| Vecmīlgrāvis | 743 €/m² | ▲ 25.6% |
| Ziepniekkalns | 1222 €/m² | ▲ 18.9% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Torņakalns | 686 €/m² | ▼ -57.6% |
| Dārzciems | 1020 €/m² | ▼ -18.9% |
| Purvciems | 1167 €/m² | ▼ -12.8% |
| Zolitūde | 1170 €/m² | ▼ -12.4% |
| Daugavgrīva | 771 €/m² | ▼ -9.3% |
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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.