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:	7.74	8.28
Mortgage as Percentage of Income:	55.26%	62.00%
Loan Affordability Index:	1.81	1.61
Price to Rent Ratio - City Centre:	30.82	24.84
Price to Rent Ratio - Outside of Centre:	25.01	22.36
Gross Rental Yield (City Centre):	3.24%	4.03%
Gross Rental Yield (Outside of Centre):	4.00%	4.47%

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Finland Edit	Latvia Edit	Difference
Apartment (1 bedroom) in City Centre	775.11 €	421.86 €	-45.6 %
Apartment (1 bedroom) Outside of Centre	625.39 €	306.00 €	-51.1 %
Apartment (3 bedrooms) in City Centre	1,329.79 €	800.00 €	-39.8 %
Apartment (3 bedrooms) Outside of Centre	998.99 €	539.30 €	-46.0 %
Buy Apartment Price	Finland Edit	Latvia Edit
Price per Square Feet to Buy Apartment in City Centre	474.03 €	217.52 €	-54.1 %
Price per Square Feet to Buy Apartment Outside of Centre	301.03 €	137.41 €	-54.4 %
Salaries And Financing	Finland Edit	Latvia Edit
Average Monthly Net Salary (After Tax)	2,695.28 €	1,152.87 €	-57.2 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	3.79	4.33	+14.2 %
Last update:	21 May 2025	18 May 2025
Contributors in the past 12 months:	192	77

Country data (source The World Bank, 2024)	Finland	Latvia
GDP Per Capita (PPP) ($) :	57,100.00	37,000.00
GDP Growth Rate:	-1.16	1.71
Population Growth Rate:	0.20	-1.14

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