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) | 16.7% | 1975 | 68188 € | 1470 €/m² |
| Padomju sērijveida (1946–1993) | 65.0% | 7696 | 34283 € | 756 €/m² |
| Jaunā celtne (1994–2014) | 9.4% | 1112 | 95107 € | 1756 €/m² |
| Jaunākie projekti (2015+) | 8.9% | 1051 | 131079 € | 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 | 1791 €/m² | ▲ 54.9% |
| Vecrīga | 2271 €/m² | ▲ 15.7% |
| Zasulauks | 1129 €/m² | ▲ 15.4% |
| Pļavnieki | 1702 €/m² | ▲ 12.6% |
| Vecmīlgrāvis | 804 €/m² | ▲ 12.4% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Krasta ielas rajons | 1162 €/m² | ▼ -29.8% |
| Mangaļsala | 918 €/m² | ▼ -24.0% |
| Dzegužkalns | 1123 €/m² | ▼ -21.2% |
| Bieriņi | 939 €/m² | ▼ -13.1% |
| Dārzciems | 1460 €/m² | ▼ -7.1% |
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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.