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) | 14.6% | 322 | 66029 € | 1477 €/m² |
| Padomju sērijveida (1946–1993) | 63.3% | 1393 | 31749 € | 698 €/m² |
| Jaunā celtne (1994–2014) | 9.5% | 210 | 86329 € | 1923 €/m² |
| Jaunākie projekti (2015+) | 12.6% | 277 | 124242 € | 2698 €/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 | 1749 €/m² | ▲ 61.9% |
| Šampēteris-Pleskodāle | 1783 €/m² | ▲ 27.7% |
| Grīziņkalns | 1420 €/m² | ▲ 24.7% |
| Jugla | 1281 €/m² | ▲ 20.1% |
| Daugavgrīva | 757 €/m² | ▲ 18.5% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Čiekurkalns | 1124 €/m² | ▼ -25.5% |
| Āgenskalns | 1750 €/m² | ▼ -22.9% |
| Ziepniekkalns | 1013 €/m² | ▼ -16.9% |
| Mežciems | 1450 €/m² | ▼ -12.1% |
| Mežaparks | 2044 €/m² | ▼ -11.6% |
Filter by price, area, room count, neighborhood and building era.
Data from the State Land Service's (VZD, data.gov.lv) open data. Calculations are done automatically, without AI-generated analysis.