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) | 13.8% | 258 | 63482 € | 1351 €/m² |
| Padomju sērijveida (1946–1993) | 69.5% | 1304 | 29385 € | 645 €/m² |
| Jaunā celtne (1994–2014) | 7.9% | 149 | 81274 € | 1811 €/m² |
| Jaunākie projekti (2015+) | 8.7% | 164 | 136495 € | 2807 €/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 |
|---|---|---|
| Aplokciems | 2258 €/m² | ▲ 156.4% |
| Torņakalns | 1341 €/m² | ▲ 62.3% |
| Krasta ielas rajons | 1030 €/m² | ▲ 58.1% |
| Šampēteris-Pleskodāle | 1159 €/m² | ▲ 48.7% |
| Centrs | 2131 €/m² | ▲ 25.3% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Daugavgrīva | 537 €/m² | ▼ -20.9% |
| Jugla | 1066 €/m² | ▼ -14.7% |
| Āgenskalns | 1598 €/m² | ▼ -14.6% |
| Ilguciems | 759 €/m² | ▼ -13.5% |
| Teika | 1276 €/m² | ▼ -12.5% |
Filter by price, area, room count, neighborhood and building era.
Data from the State Land Service's (VZD, data.gov.lv) open data. Calculations are done automatically, without AI-generated analysis.