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) | 16.2% | 245 | 58418 € | 1387 €/m² |
| Padomju sērijveida (1946–1993) | 68.7% | 1038 | 27301 € | 601 €/m² |
| Jaunā celtne (1994–2014) | 7.2% | 109 | 92810 € | 1599 €/m² |
| Jaunākie projekti (2015+) | 7.8% | 118 | 123163 € | 2763 €/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 |
|---|---|---|
| Torņakalns | 1313 €/m² | ▲ 30.3% |
| Dārzciems | 883 €/m² | ▲ 28.4% |
| Šampēteris-Pleskodāle | 1618 €/m² | ▲ 24.6% |
| Āgenskalns | 2093 €/m² | ▲ 18.8% |
| Mežciems | 1517 €/m² | ▲ 13.7% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Imanta | 1180 €/m² | ▼ -41.2% |
| Purvciems | 1214 €/m² | ▼ -28.3% |
| Teika | 1340 €/m² | ▼ -23.4% |
| Pļavnieki | 1164 €/m² | ▼ -17.3% |
| Ķengarags | 742 €/m² | ▼ -16.0% |
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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.