Property Prices Comparison Between Estonia and Latvia

For major cities in those countries you get more relevant data by specifying cities.

City in Estonia:
City in Latvia:

Index	Estonia	Latvia
Price to Income Ratio:	11.71	8.28
Mortgage as Percentage of Income:	91.81%	62.00%
Loan Affordability Index:	1.09	1.61
Price to Rent Ratio - City Centre:	30.24	24.84
Price to Rent Ratio - Outside of Centre:	29.32	22.36
Gross Rental Yield (City Centre):	3.31%	4.03%
Gross Rental Yield (Outside of Centre):	3.41%	4.47%

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Estonia Edit	Latvia Edit	Difference
Apartment (1 bedroom) in City Centre	619.61 €	421.86 €	-31.9 %
Apartment (1 bedroom) Outside of Centre	444.67 €	306.00 €	-31.2 %
Apartment (3 bedrooms) in City Centre	1,069.58 €	800.00 €	-25.2 %
Apartment (3 bedrooms) Outside of Centre	778.30 €	539.30 €	-30.7 %
Buy Apartment Price	Estonia Edit	Latvia Edit
Price per Square Feet to Buy Apartment in City Centre	372.77 €	217.52 €	-41.6 %
Price per Square Feet to Buy Apartment Outside of Centre	261.03 €	137.41 €	-47.4 %
Salaries And Financing	Estonia Edit	Latvia Edit
Average Monthly Net Salary (After Tax)	1,456.61 €	1,152.87 €	-20.9 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	4.88	4.33	-11.2 %
Last update:	20 May 2025	18 May 2025
Contributors in the past 12 months:	95	77

Country data (source The World Bank, 2024)	Estonia	Latvia
GDP Per Capita (PPP) ($) :	42,500.00	37,000.00
GDP Growth Rate:	-3.02	1.71
Population Growth Rate:	-0.76	-1.14

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