Property Prices in Latvia

Index Info
Price to Income Ratio: 8.14
Mortgage as Percentage of Income: 52.25%
Loan Affordability Index: 1.91
Price to Rent Ratio - City Centre: 23.11
Price to Rent Ratio - Outside of Centre: 20.31
Gross Rental Yield (City Centre): 4.33%
Gross Rental Yield (Outside of Centre): 4.92%
Rent Per Month
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Apartment (1 bedroom) in City Centre 373.98 € 220.00-600.00
Apartment (1 bedroom) Outside of Centre 275.82 € 180.00-400.00
Apartment (3 bedrooms) in City Centre 669.11 € 350.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 471.09 € 300.00-850.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 174.72 € 65.96-278.71
Price per Square Feet to Buy Apartment Outside of Centre 110.92 € 54.63-199.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 943.87 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.60 2.00-4.88

These data are based on 654 entries in the past 18 months from 120 different contributors.
Last update: January 2023
Our data for each country are based on all entries from all cities in that country.

Sources and References
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