Property Prices Comparison Between Finland and Latvia

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

City in Finland:
City in Latvia:

Index	Finland	Latvia
Price to Income Ratio:	7.54	8.36
Mortgage as Percentage of Income:	53.84%	62.61%
Loan Affordability Index:	1.86	1.60
Price to Rent Ratio - City Centre:	30.17	24.80
Price to Rent Ratio - Outside of Centre:	24.59	22.54
Gross Rental Yield (City Centre):	3.31%	4.03%
Gross Rental Yield (Outside of Centre):	4.07%	4.44%

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Finland Edit	Latvia Edit	Difference
Apartment (1 bedroom) in City Centre	770.02 €	414.90 €	-46.1 %
Apartment (1 bedroom) Outside of Centre	622.37 €	301.70 €	-51.5 %
Apartment (3 bedrooms) in City Centre	1,318.64 €	817.86 €	-38.0 %
Apartment (3 bedrooms) Outside of Centre	994.50 €	539.05 €	-45.8 %
Buy Apartment Price	Finland Edit	Latvia Edit
Price per Square Feet to Buy Apartment in City Centre	460.62 €	217.52 €	-52.8 %
Price per Square Feet to Buy Apartment Outside of Centre	294.48 €	137.41 €	-53.3 %
Salaries And Financing	Finland Edit	Latvia Edit
Average Monthly Net Salary (After Tax)	2,695.63 €	1,142.70 €	-57.6 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	3.80	4.34	+14.4 %
Last update:	April 2025	April 2025
Contributors in the past 12 months:	189	77

Country data (source The World Bank, 2024)	Finland	Latvia
GDP Per Capita (PPP) ($) :	49,400.00	33,000.00
GDP Growth Rate:	1.60	3.36
Population Growth Rate:	0.22	-1.13

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Other comparisons Finland vs Latvia:

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