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) | 15.6% | 360 | 49249 € | 1175 €/m² |
| Padomju sērijveida (1946–1993) | 69.8% | 1609 | 29847 € | 667 €/m² |
| Jaunā celtne (1994–2014) | 7.9% | 182 | 72259 € | 1627 €/m² |
| Jaunākie projekti (2015+) | 6.7% | 155 | 129980 € | 3035 €/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 |
|---|---|---|
| Torņakalns | 2695 €/m² | ▲ 178.4% |
| Mežciems | 1836 €/m² | ▲ 76.2% |
| Aplokciems | 1325 €/m² | ▲ 28.7% |
| Šampēteris-Pleskodāle | 1233 €/m² | ▲ 27.6% |
| Zolitūde | 1458 €/m² | ▲ 15.1% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Mežaparks | 1703 €/m² | ▼ -21.4% |
| Ilguciems | 763 €/m² | ▼ -18.7% |
| Purvciems | 1086 €/m² | ▼ -13.6% |
| Zasulauks | 1019 €/m² | ▼ -12.4% |
| Dārzciems | 909 €/m² | ▼ -9.9% |
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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.