Property Prices Comparison Between Latvia and Lithuania

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

City in Latvia:
City in Lithuania:

Index	Latvia	Lithuania
Price to Income Ratio:	9.08	11.47
Mortgage as Percentage of Income:	67.39%	83.59%
Loan Affordability Index:	1.48	1.20
Price to Rent Ratio - City Centre:	23.75	27.24
Price to Rent Ratio - Outside of Centre:	21.67	23.10
Gross Rental Yield (City Centre):	4.21%	3.67%
Gross Rental Yield (Outside of Centre):	4.62%	4.33%

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Latvia Edit	Lithuania Edit	Difference
Apartment (1 bedroom) in City Centre	463.91 €	608.66 €	+31.2 %
Apartment (1 bedroom) Outside of Centre	320.70 €	433.56 €	+35.2 %
Apartment (3 bedrooms) in City Centre	831.67 €	1,086.67 €	+30.7 %
Apartment (3 bedrooms) Outside of Centre	551.56 €	756.22 €	+37.1 %
Buy Apartment Price	Latvia Edit	Lithuania Edit
Price per Square Feet to Buy Apartment in City Centre	222.97 €	334.89 €	+50.2 %
Price per Square Feet to Buy Apartment Outside of Centre	138.01 €	200.19 €	+45.1 %
Salaries And Financing	Latvia Edit	Lithuania Edit
Average Monthly Net Salary (After Tax)	1,069.67 €	1,255.29 €	+17.4 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	4.23	4.02	-5.0 %
Last update:	May 2024	May 2024
Contributors in the past 12 months:	79	160

Country data (source The World Bank, 2024)	Latvia	Lithuania
GDP Per Capita (PPP) ($) :	33,000.00	40,000.00
GDP Growth Rate:	3.36	2.44
Population Growth Rate:	-1.13	-1.04

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