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) | 14.8% | 290 | 51140 € | 1162 €/m² |
| Padomju sērijveida (1946–1993) | 68.5% | 1342 | 29851 € | 637 €/m² |
| Jaunā celtne (1994–2014) | 7.1% | 139 | 85955 € | 1821 €/m² |
| Jaunākie projekti (2015+) | 9.6% | 187 | 111254 € | 2767 €/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 | 1664 €/m² | ▲ 55.1% |
| Šampēteris-Pleskodāle | 1164 €/m² | ▲ 40.1% |
| Pļavnieki | 1360 €/m² | ▲ 32.8% |
| Dārzciems | 1189 €/m² | ▲ 31.7% |
| Teika | 1843 €/m² | ▲ 24.9% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Torņakalns | 1222 €/m² | ▼ -19.0% |
| Mežciems | 1021 €/m² | ▼ -17.2% |
| Čiekurkalns | 1907 €/m² | ▼ -16.6% |
| Maskavas priekšpilsēta | 821 €/m² | ▼ -16.0% |
| Bolderāja | 503 €/m² | ▼ -11.6% |
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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.