Property Prices in Latvia

Index Info
Price to Income Ratio: 9.13
Mortgage as Percentage of Income: 65.39%
Loan Affordability Index: 1.53
Price to Rent Ratio - City Centre: 24.63
Price to Rent Ratio - Outside of Centre: 21.76
Gross Rental Yield (City Centre): 4.06%
Gross Rental Yield (Outside of Centre): 4.60%
Rent Per Month
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Apartment (1 bedroom) in City Centre 454.89 € 300.00-650.00
Apartment (1 bedroom) Outside of Centre 306.98 € 250.00-400.00
Apartment (3 bedrooms) in City Centre 788.81 € 580.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 526.67 € 400.00-800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 223.39 € 176.51-278.71
Price per Square Feet to Buy Apartment Outside of Centre 132.52 € 92.90-195.09
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,048.95 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.83 2.00-6.00

These data are based on 446 entries in the past 18 months from 73 different contributors.
Last update: February 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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