Property Prices Comparison Between Latvia and Estonia

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

City in Latvia:
City in Estonia:

Index	Latvia	Estonia
Price to Income Ratio:	8.28	11.71
Mortgage as Percentage of Income:	62.00%	91.81%
Loan Affordability Index:	1.61	1.09
Price to Rent Ratio - City Centre:	24.84	30.25
Price to Rent Ratio - Outside of Centre:	22.36	29.36
Gross Rental Yield (City Centre):	4.03%	3.31%
Gross Rental Yield (Outside of Centre):	4.47%	3.41%

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Latvia Edit	Estonia Edit	Difference
Apartment (1 bedroom) in City Centre	421.86 €	619.23 €	+46.8 %
Apartment (1 bedroom) Outside of Centre	306.00 €	443.72 €	+45.0 %
Apartment (3 bedrooms) in City Centre	800.00 €	1,069.58 €	+33.7 %
Apartment (3 bedrooms) Outside of Centre	539.30 €	778.30 €	+44.3 %
Buy Apartment Price	Latvia Edit	Estonia Edit
Price per Square Feet to Buy Apartment in City Centre	217.52 €	372.77 €	+71.4 %
Price per Square Feet to Buy Apartment Outside of Centre	137.41 €	261.03 €	+90.0 %
Salaries And Financing	Latvia Edit	Estonia Edit
Average Monthly Net Salary (After Tax)	1,152.87 €	1,456.61 €	+26.3 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	4.33	4.88	+12.7 %
Last update:	18 May 2025	24 May 2025
Contributors in the past 12 months:	77	95

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

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