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) | 16.3% | 4271 | 62430 € | 1341 €/m² |
| Padomju sērijveida (1946–1993) | 63.7% | 16699 | 32580 € | 720 €/m² |
| Jaunā celtne (1994–2014) | 10.0% | 2617 | 87696 € | 1823 €/m² |
| Jaunākie projekti (2015+) | 10.1% | 2638 | 125526 € | 2702 €/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 |
|---|---|---|
| Dārzciems | 1470 €/m² | ▲ 47.0% |
| Pļavnieki | 1550 €/m² | ▲ 26.2% |
| Šampēteris-Pleskodāle | 1478 €/m² | ▲ 23.5% |
| Imanta | 1334 €/m² | ▲ 18.2% |
| Bieriņi | 961 €/m² | ▲ 16.4% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Vecrīga | 1661 €/m² | ▼ -20.8% |
| Čiekurkalns | 1377 €/m² | ▼ -15.6% |
| Kleisti | 1459 €/m² | ▼ -15.0% |
| Torņakalns | 1532 €/m² | ▼ -10.2% |
| Krasta ielas rajons | 1675 €/m² | ▼ -9.6% |
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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.