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:	8.28	8.49
Mortgage as Percentage of Income:	62.00%	61.63%
Loan Affordability Index:	1.61	1.62
Price to Rent Ratio - City Centre:	24.84	27.83
Price to Rent Ratio - Outside of Centre:	22.36	28.77
Gross Rental Yield (City Centre):	4.03%	3.59%
Gross Rental Yield (Outside of Centre):	4.47%	3.48%

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Latvia Edit	Germany Edit	Difference
Apartment (1 bedroom) in City Centre	421.86 €	889.87 €	+110.9 %
Apartment (1 bedroom) Outside of Centre	306.00 €	671.21 €	+119.4 %
Apartment (3 bedrooms) in City Centre	800.00 €	1,655.50 €	+106.9 %
Apartment (3 bedrooms) Outside of Centre	539.30 €	1,254.66 €	+132.6 %
Buy Apartment Price	Latvia Edit	Germany Edit
Price per Square Feet to Buy Apartment in City Centre	217.52 €	509.49 €	+134.2 %
Price per Square Feet to Buy Apartment Outside of Centre	137.41 €	398.24 €	+189.8 %
Salaries And Financing	Latvia Edit	Germany Edit
Average Monthly Net Salary (After Tax)	1,152.87 €	2,876.56 €	+149.5 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	4.33	3.98	-8.2 %
Last update:	18 May 2025	25 May 2025
Contributors in the past 12 months:	77	1130

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

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