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) | 15.9% | 304 | 58336 € | 1233 €/m² |
| Padomju sērijveida (1946–1993) | 64.3% | 1231 | 31338 € | 691 €/m² |
| Jaunā celtne (1994–2014) | 10.6% | 203 | 81353 € | 1712 €/m² |
| Jaunākie projekti (2015+) | 9.1% | 175 | 119240 € | 2633 €/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 |
|---|---|---|
| Čiekurkalns | 1209 €/m² | ▲ 55.1% |
| Ilguciems | 925 €/m² | ▲ 30.5% |
| Āgenskalns | 2486 €/m² | ▲ 29.0% |
| Vecmīlgrāvis | 730 €/m² | ▲ 18.4% |
| Sarkandaugava | 823 €/m² | ▲ 15.5% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Dārzciems | 1182 €/m² | ▼ -33.1% |
| Mežciems | 1310 €/m² | ▼ -28.3% |
| Ķengarags | 967 €/m² | ▼ -17.8% |
| Purvciems | 1110 €/m² | ▼ -14.7% |
| Zolitūde | 1380 €/m² | ▼ -11.8% |
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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.