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) | 17.1% | 355 | 59111 € | 1325 €/m² |
| Padomju sērijveida (1946–1993) | 59.6% | 1239 | 32188 € | 698 €/m² |
| Jaunā celtne (1994–2014) | 10.3% | 213 | 80121 € | 1658 €/m² |
| Jaunākie projekti (2015+) | 13.0% | 271 | 106829 € | 2662 €/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 |
|---|---|---|
| Ziepniekkalns | 1761 €/m² | ▲ 39.6% |
| Daugavgrīva | 723 €/m² | ▲ 39.3% |
| Imanta | 1449 €/m² | ▲ 28.8% |
| Purvciems | 1307 €/m² | ▲ 17.7% |
| Pļavnieki | 1814 €/m² | ▲ 12.6% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Ķengarags | 771 €/m² | ▼ -20.3% |
| Āgenskalns | 1992 €/m² | ▼ -19.9% |
| Bolderāja | 480 €/m² | ▼ -18.3% |
| Maskavas priekšpilsēta | 976 €/m² | ▼ -11.7% |
| Vecmīlgrāvis | 651 €/m² | ▼ -10.9% |
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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.