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% | 296 | 62407 € | 1341 €/m² |
| Padomju sērijveida (1946–1993) | 68.3% | 1333 | 27254 € | 607 €/m² |
| Jaunā celtne (1994–2014) | 7.2% | 141 | 102420 € | 1808 €/m² |
| Jaunākie projekti (2015+) | 9.3% | 182 | 95892 € | 2272 €/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 |
|---|---|---|
| Maskavas priekšpilsēta | 1164 €/m² | ▲ 107.1% |
| Čiekurkalns | 1439 €/m² | ▲ 64.9% |
| Šampēteris-Pleskodāle | 1272 €/m² | ▲ 28.3% |
| Centrs | 1986 €/m² | ▲ 18.3% |
| Zolitūde | 1160 €/m² | ▲ 13.0% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Bolderāja | 587 €/m² | ▼ -28.9% |
| Āgenskalns | 1417 €/m² | ▼ -21.3% |
| Daugavgrīva | 661 €/m² | ▼ -20.9% |
| Ziepniekkalns | 998 €/m² | ▼ -15.6% |
| Pļavnieki | 1191 €/m² | ▼ -9.7% |
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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.