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) | 17.0% | 264 | 62357 € | 1325 €/m² |
| Padomju sērijveida (1946–1993) | 68.0% | 1057 | 25929 € | 577 €/m² |
| Jaunā celtne (1994–2014) | 8.4% | 131 | 80994 € | 1845 €/m² |
| Jaunākie projekti (2015+) | 6.6% | 103 | 99505 € | 2542 €/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 |
|---|---|---|
| Āgenskalns | 2123 €/m² | ▲ 46.2% |
| Ziepniekkalns | 1390 €/m² | ▲ 16.1% |
| Šampēteris-Pleskodāle | 1161 €/m² | ▲ 15.6% |
| Purvciems | 1151 €/m² | ▲ 11.2% |
| Torņakalns | 1132 €/m² | ▲ 7.0% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Mežaparks | 1668 €/m² | ▼ -41.7% |
| Zolitūde | 1054 €/m² | ▼ -35.2% |
| Mežciems | 1112 €/m² | ▼ -34.2% |
| Maskavas priekšpilsēta | 935 €/m² | ▼ -24.1% |
| Teika | 1094 €/m² | ▼ -23.6% |
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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.