Property Prices in Latvia

Index
Price to Income Ratio:	8.60
Mortgage as Percentage of Income:	55.69%
Loan Affordability Index:	1.80
Price to Rent Ratio - City Centre:	21.73
Price to Rent Ratio - Outside of Centre:	20.25
Gross Rental Yield (City Centre):	4.60%
Gross Rental Yield (Outside of Centre):	4.94%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	344.18 €	200.00-600.00
Apartment (1 bedroom) Outside of Centre	246.91 €	150.00-400.00
Apartment (3 bedrooms) in City Centre	594.44 €	300.00-1,000.00
Apartment (3 bedrooms) Outside of Centre	425.70 €	200.00-700.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	148.80 €	65.03-232.26
Price per Square Feet to Buy Apartment Outside of Centre	99.40 €	46.45-167.22
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	776.28 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	2.69	1.50-4.00

These data are based on 602 entries in the past 18 months from 114 different contributors.
Last update: February 2021
Our data for each country are based on all entries from all cities in that country.

Sources and References

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Sources and References:

• Statistics Bureau of Latvia - Personal Income Average Rates

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