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) | 14.9% | 304 | 63397 € | 1199 €/m² |
| Padomju sērijveida (1946–1993) | 66.0% | 1345 | 27949 € | 608 €/m² |
| Jaunā celtne (1994–2014) | 6.7% | 136 | 82420 € | 1643 €/m² |
| Jaunākie projekti (2015+) | 12.4% | 252 | 112862 € | 2571 €/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 |
|---|---|---|
| Zolitūde | 1955 €/m² | ▲ 90.1% |
| Ķengarags | 1368 €/m² | ▲ 58.8% |
| Daugavgrīva | 727 €/m² | ▲ 35.3% |
| Ziepniekkalns | 1313 €/m² | ▲ 23.0% |
| Purvciems | 1353 €/m² | ▲ 11.5% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Torņakalns | 822 €/m² | ▼ -38.7% |
| Krasta ielas rajons | 687 €/m² | ▼ -33.3% |
| Čiekurkalns | 944 €/m² | ▼ -32.1% |
| Centrs | 1601 €/m² | ▼ -24.9% |
| Bolderāja | 592 €/m² | ▼ -15.4% |
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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.