Nivora

Real estate market report — Novembris 2025

A real report on the Latvian real estate market, based on VZD-registered deals.

2005
Apartment deals
55910 €
Average price
1089 €/m² ▲3.3%
Average per m² (vs. previous period)
2142 / 1317
Building / land deals

Key insights

Deal breakdown by building era

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.

17.8% Vecbūve (līdz 1945) (353 deals)
62.8% Padomju sērijveida (1946–1993) (1248 deals)
10.8% Jaunā celtne (1994–2014) (214 deals)
8.7% Jaunākie projekti (2015+) (172 deals)
Building era% of dealsDealsAverage priceAvg. €/m²
Vecbūve (līdz 1945) 17.8% 353 76361 € 1476 €/m²
Padomju sērijveida (1946–1993) 62.8% 1248 33307 € 734 €/m²
Jaunā celtne (1994–2014) 10.8% 214 90254 € 2119 €/m²
Jaunākie projekti (2015+) 8.7% 172 133917 € 2620 €/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.

Price trend (€/m² by month)

1089
Nov 2025

Neighborhoods with the biggest price increase

NeighborhoodAvg. €/m²Change
Grīziņkalns 1657 €/m² ▲ 83.9%
Mežciems 1777 €/m² ▲ 23.0%
Sarkandaugava 894 €/m² ▲ 17.5%
Pļavnieki 1741 €/m² ▲ 13.1%
Krasta ielas rajons 1829 €/m² ▲ 12.9%

Neighborhoods with the biggest price drop

NeighborhoodAvg. €/m²Change
Āgenskalns 1782 €/m² ▼ -17.9%
Čiekurkalns 1310 €/m² ▼ -16.8%
Šampēteris-Pleskodāle 1501 €/m² ▼ -12.0%
Ziepniekkalns 1085 €/m² ▼ -10.3%
Purvciems 1091 €/m² ▼ -8.6%

See all deals in this period

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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.