Property Prices Comparison Between Germany and Latvia

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

City in Germany:
City in Latvia:

Index	Germany	Latvia
Price to Income Ratio:	8.52	8.28
Mortgage as Percentage of Income:	61.83%	62.00%
Loan Affordability Index:	1.62	1.61
Price to Rent Ratio - City Centre:	27.82	24.84
Price to Rent Ratio - Outside of Centre:	28.77	22.36
Gross Rental Yield (City Centre):	3.59%	4.03%
Gross Rental Yield (Outside of Centre):	3.48%	4.47%

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Germany Edit	Latvia Edit	Difference
Apartment (1 bedroom) in City Centre	893.17 €	421.86 €	-52.8 %
Apartment (1 bedroom) Outside of Centre	674.18 €	306.00 €	-54.6 %
Apartment (3 bedrooms) in City Centre	1,662.40 €	800.00 €	-51.9 %
Apartment (3 bedrooms) Outside of Centre	1,260.34 €	539.30 €	-57.2 %
Buy Apartment Price	Germany Edit	Latvia Edit
Price per Square Feet to Buy Apartment in City Centre	511.34 €	217.52 €	-57.5 %
Price per Square Feet to Buy Apartment Outside of Centre	400.00 €	137.41 €	-65.6 %
Salaries And Financing	Germany Edit	Latvia Edit
Average Monthly Net Salary (After Tax)	2,878.48 €	1,152.87 €	-59.9 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	3.98	4.33	+8.9 %
Last update:	28 May 2025	18 May 2025
Contributors in the past 12 months:	1131	77

Country data (source The World Bank, 2024)	Germany	Latvia
GDP Per Capita (PPP) ($) :	63,600.00	37,000.00
GDP Growth Rate:	-0.27	1.71
Population Growth Rate:	-0.12	-1.14

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