Property Prices in Latvia

Index
Price to Income Ratio:	8.44
Mortgage as Percentage of Income:	54.20%
Loan Affordability Index:	1.85
Price to Rent Ratio - City Centre:	22.44
Price to Rent Ratio - Outside of Centre:	20.38
Gross Rental Yield (City Centre):	4.46%
Gross Rental Yield (Outside of Centre):	4.91%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	328.16 €	180.00-600.00
Apartment (1 bedroom) Outside of Centre	236.44 €	120.00-350.00
Apartment (3 bedrooms) in City Centre	611.94 €	300.00-1,000.00
Apartment (3 bedrooms) Outside of Centre	443.74 €	250.00-750.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	151.69 €	65.03-232.26
Price per Square Feet to Buy Apartment Outside of Centre	99.54 €	46.45-167.22
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	801.42 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	2.61	1.50-4.00

These data are based on 592 entries in the past 18 months from 104 different contributors.
Last update: June 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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