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New feature — apartment prices across Latvia

New feature — apartment prices across Latvia

A listing shows the asking price. What was actually paid for a comparable flat in your city, it does not.

Those numbers are public, but scattered across registers and tables nobody opens twice. So we gathered them, put them in order and opened them up: apartment prices in Latvia — 43 cities, no account, no charge.

What's new

Price per m² and for the whole flat. Over the last 12 months, in each of the 43 cities. The figures come from registered transactions, not from listings — this is the price a deal actually closed at, not the one first asked for.

The price curve since 2012. What it cost then and what it costs now. A single year says little; thirteen of them show whether a city is climbing, standing still or falling back.

A breakdown by room count. One-, two- and three-room flats separately. A city average blends segments that really live separate lives — a one-room flat and a three-room flat in the same city can move in opposite directions.

Individual addresses. A city's most active buildings, each with its own page and its own price history. That is already closer to the real question: not "what does Liepāja cost", but "what does this building cost".

What the data shows

Over the last 12 months, 43 cities recorded 15,667 apartment transactions — an average of 1,306 a month. The nationwide figure: €970/m².

The spread between cities is wider than you might expect:

City Price
Mārupe €1,788/m²
Ādaži €1,739/m²
Sigulda €1,305/m²
Rīga €1,153/m²
Jelgava €831/m²
Liepāja €697/m²
Daugavpils €355/m²
Krāslava €194/m²

Ninefold, between the cheapest city and the dearest. And Rīga alone accounts for more than 60% of every transaction registered in the country: 9,619 of 15,667.

Where to find it

Start at apartment prices in Latvia — the list of every city. From there you can go deeper: each city has its own page with the curve and the room-count breakdown, and from a city page you can reach an individual address.

No account is needed, and the pages refresh themselves, so the numbers will move with the market.

Not every m² costs the same. That is true of two flats in one building, and just as true of two towns thirty kilometres apart on the map.

What to do with it

Check the asking price against the city figure. If the price per m² sits well above the city's, there may be a good reason — but the reason is something to know, not to guess at.

Look at your segment, not the average. If you are buying a one-room flat, the city-wide figure serves you less well than the one-room figure.

Open the address page if there is one. A building's own transaction history says more than a district average, especially where the building sells often.

Read the curve, not the point. A price that has climbed year after year and a price that has bounced back after a fall are two different stories about the same number.

What it does not tell you

A city price is a good opening benchmark, but it does not answer the question you actually have: whether this flat at this price is reasonable. That is settled by the building, the floor, the heating and what surrounds it — two flats of the same size in the same district can differ by tens of thousands.

In smaller towns there are few transactions, so a single year there can swing without much meaning. And a registered transaction appears with a lag — the data shows deals that closed, not today's listings.

Where the city figure runs out is where the full analysis begins. You can also see what the data is built from, or go straight to your city's prices.

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