Property Prices Comparison Between Lithuania and Latvia

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

City in Lithuania:
City in Latvia:

Index	Lithuania	Latvia
Price to Income Ratio:	11.42	8.90
Mortgage as Percentage of Income:	83.23%	66.06%
Loan Affordability Index:	1.20	1.51
Price to Rent Ratio - City Centre:	27.30	24.08
Price to Rent Ratio - Outside of Centre:	23.07	21.35
Gross Rental Yield (City Centre):	3.66%	4.15%
Gross Rental Yield (Outside of Centre):	4.33%	4.68%

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Lithuania Edit	Latvia Edit	Difference
Apartment (1 bedroom) in City Centre	608.66 €	461.49 €	-24.2 %
Apartment (1 bedroom) Outside of Centre	433.56 €	320.23 €	-26.1 %
Apartment (3 bedrooms) in City Centre	1,086.67 €	815.00 €	-25.0 %
Apartment (3 bedrooms) Outside of Centre	756.22 €	554.69 €	-26.7 %
Buy Apartment Price	Lithuania Edit	Latvia Edit
Price per Square Feet to Buy Apartment in City Centre	335.55 €	223.33 €	-33.4 %
Price per Square Feet to Buy Apartment Outside of Centre	199.95 €	136.21 €	-31.9 %
Salaries And Financing	Lithuania Edit	Latvia Edit
Average Monthly Net Salary (After Tax)	1,261.68 €	1,086.94 €	-13.9 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	4.02	4.23	+5.2 %
Last update:	May 2024	May 2024
Contributors in the past 12 months:	163	85

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

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