Property Prices in Latvia

Index Info
Price to Income Ratio: 8.36
Mortgage as Percentage of Income: 62.61%
Loan Affordability Index: 1.60
Price to Rent Ratio - City Centre: 24.80
Price to Rent Ratio - Outside of Centre: 22.54
Gross Rental Yield (City Centre): 4.03%
Gross Rental Yield (Outside of Centre): 4.44%
Rent Per Month
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Apartment (1 bedroom) in City Centre 414.90 € 250.00-700.00
Apartment (1 bedroom) Outside of Centre 301.70 € 200.00-450.00
Apartment (3 bedrooms) in City Centre 817.86 € 450.00-1,300.00
Apartment (3 bedrooms) Outside of Centre 539.05 € 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) 1,142.70 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.34 2.49-6.00

These data are based on 478 entries from 77 contributors over the past 18 months.
Last update: April 2025
Our data for each country are based on all entries from all cities in that country.

Sources and References
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