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) | 15.4% | 338 | 66815 € | 1455 €/m² |
| Padomju sērijveida (1946–1993) | 63.0% | 1379 | 31598 € | 710 €/m² |
| Jaunā celtne (1994–2014) | 9.7% | 213 | 89990 € | 1791 €/m² |
| Jaunākie projekti (2015+) | 11.8% | 259 | 124448 € | 2675 €/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 |
|---|---|---|
| Krasta ielas rajons | 1854 €/m² | ▲ 116.2% |
| Dārzciems | 1328 €/m² | ▲ 44.5% |
| Daugavgrīva | 639 €/m² | ▲ 26.4% |
| Čiekurkalns | 1509 €/m² | ▲ 20.7% |
| Āgenskalns | 2270 €/m² | ▲ 15.8% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Torņakalns | 1080 €/m² | ▼ -33.1% |
| Ziepniekkalns | 1219 €/m² | ▼ -30.4% |
| Aplokciems | 1417 €/m² | ▼ -27.5% |
| Bolderāja | 472 €/m² | ▼ -26.1% |
| Teika | 1728 €/m² | ▼ -22.0% |
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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.