Property Prices Comparison Between Latvia and Germany

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

City in Latvia:
City in Germany:

Index	Latvia	Germany
Price to Income Ratio:	8.85	9.13
Mortgage as Percentage of Income:	65.65%	66.27%
Loan Affordability Index:	1.52	1.51
Price to Rent Ratio - City Centre:	24.72	28.91
Price to Rent Ratio - Outside of Centre:	21.80	30.64
Gross Rental Yield (City Centre):	4.05%	3.46%
Gross Rental Yield (Outside of Centre):	4.59%	3.26%

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Latvia Edit	Germany Edit	Difference
Apartment (1 bedroom) in City Centre	448.70 €	889.09 €	+98.2 %
Apartment (1 bedroom) Outside of Centre	315.23 €	677.16 €	+114.8 %
Apartment (3 bedrooms) in City Centre	805.71 €	1,674.70 €	+107.9 %
Apartment (3 bedrooms) Outside of Centre	535.14 €	1,273.46 €	+138.0 %
Buy Apartment Price	Latvia Edit	Germany Edit
Price per Square Feet to Buy Apartment in City Centre	224.57 €	531.88 €	+136.8 %
Price per Square Feet to Buy Apartment Outside of Centre	135.75 €	429.04 €	+216.0 %
Salaries And Financing	Latvia Edit	Germany Edit
Average Monthly Net Salary (After Tax)	1,095.22 €	2,832.16 €	+158.6 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	4.23	3.98	-5.8 %
Last update:	September 2024	September 2024
Contributors in the past 12 months:	80	1043

Country data (source The World Bank, 2024)	Latvia	Germany
GDP Per Capita (PPP) ($) :	33,000.00	54,000.00
GDP Growth Rate:	3.36	1.81
Population Growth Rate:	-1.13	-0.12

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