Property Prices in Latvia

Index Info
Price to Income Ratio: 8.28
Mortgage as Percentage of Income: 62.00%
Loan Affordability Index: 1.61
Price to Rent Ratio - City Centre: 24.84
Price to Rent Ratio - Outside of Centre: 22.36
Gross Rental Yield (City Centre): 4.03%
Gross Rental Yield (Outside of Centre): 4.47%
Rent Per Month
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Apartment (1 bedroom) in City Centre 421.86 € 250.00-700.00
Apartment (1 bedroom) Outside of Centre 306.00 € 200.00-450.00
Apartment (3 bedrooms) in City Centre 800.00 € 450.00-1,300.00
Apartment (3 bedrooms) Outside of Centre 539.30 € 350.00-900.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 217.52 € 111.48-297.29
Price per Square Feet to Buy Apartment Outside of Centre 137.41 € 92.90-204.38
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,152.87 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.33 2.49-6.00

These data are based on 485 entries from 77 contributors over the past 18 months.
Last update: 18 May 2025
Our data for each country are based on all entries from all cities in that country.

Sources and References
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