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) | 17.9% | 351 | 71136 € | 1460 €/m² |
| Padomju sērijveida (1946–1993) | 62.2% | 1219 | 33539 € | 734 €/m² |
| Jaunā celtne (1994–2014) | 10.0% | 197 | 84280 € | 1957 €/m² |
| Jaunākie projekti (2015+) | 9.9% | 194 | 136973 € | 2498 €/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 |
|---|---|---|
| Aplokciems | 1581 €/m² | ▲ 66.3% |
| Ziepniekkalns | 1785 €/m² | ▲ 46.2% |
| Mežciems | 1587 €/m² | ▲ 31.2% |
| Zolitūde | 1395 €/m² | ▲ 23.0% |
| Sarkandaugava | 946 €/m² | ▲ 19.7% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Torņakalns | 1433 €/m² | ▼ -38.5% |
| Šampēteris-Pleskodāle | 1543 €/m² | ▼ -14.1% |
| Purvciems | 1185 €/m² | ▼ -12.8% |
| Imanta | 1313 €/m² | ▼ -8.8% |
| Ķengarags | 988 €/m² | ▼ -8.1% |
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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.