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% | 272 | 62506 € | 1352 €/m² |
| Padomju sērijveida (1946–1993) | 64.4% | 1082 | 27537 € | 601 €/m² |
| Jaunā celtne (1994–2014) | 8.5% | 142 | 79881 € | 1522 €/m² |
| Jaunākie projekti (2015+) | 11.0% | 184 | 116261 € | 2861 €/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 |
|---|---|---|
| Mežaparks | 2860 €/m² | ▲ 55.4% |
| Mežciems | 1691 €/m² | ▲ 33.3% |
| Ziepniekkalns | 1196 €/m² | ▲ 19.4% |
| Maskavas priekšpilsēta | 1231 €/m² | ▲ 13.5% |
| Sarkandaugava | 822 €/m² | ▲ 13.3% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Dārzciems | 814 €/m² | ▼ -26.3% |
| Vecmīlgrāvis | 595 €/m² | ▼ -22.4% |
| Ķengarags | 868 €/m² | ▼ -20.3% |
| Zolitūde | 1626 €/m² | ▼ -15.2% |
| Centrs | 1949 €/m² | ▼ -4.7% |
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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.