Property Prices in Riga, Latvia

Index Info
Price to Income Ratio: 8.65
Mortgage as Percentage of Income: 65.61%
Loan Affordability Index: 1.52
Price to Rent Ratio - City Centre: 23.38
Price to Rent Ratio - Outside of Centre: 21.79
Gross Rental Yield (City Centre): 4.28%
Gross Rental Yield (Outside of Centre): 4.59%
Rent Per Month
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Apartment (1 bedroom) in City Centre 488.03 € 400.00-650.00
Apartment (1 bedroom) Outside of Centre 328.42 € 250.00-425.00
Apartment (3 bedrooms) in City Centre 861.54 € 700.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 567.24 € 450.00-800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 229.30 € 185.80-278.71
Price per Square Feet to Buy Apartment Outside of Centre 142.40 € 92.90-204.38
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,156.38 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.49 2.80-6.00

These data are based on 357 entries in the past 18 months from 59 different contributors.
Last update: April 2024

Sources and References
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