Property Prices in Latvia

Index Info
Price to Income Ratio: 8.47
Mortgage as Percentage of Income: 54.54%
Loan Affordability Index: 1.83
Price to Rent Ratio - City Centre: 23.04
Price to Rent Ratio - Outside of Centre: 21.66
Gross Rental Yield (City Centre): 4.34%
Gross Rental Yield (Outside of Centre): 4.62%
Rent Per Month
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Apartment (1 bedroom) in City Centre 380.80 € 220.00-580.00
Apartment (1 bedroom) Outside of Centre 268.96 € 180.00-400.00
Apartment (3 bedrooms) in City Centre 712.69 € 430.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 484.36 € 300.00-850.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 181.04 € 74.32-278.71
Price per Square Feet to Buy Apartment Outside of Centre 118.09 € 74.32-204.38
Salaries And Financing
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Average Monthly Net Salary (After Tax) 950.27 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.64 2.00-4.88

These data are based on 607 entries in the past 18 months from 106 different contributors.
Last update: May 2023
Our data for each country are based on all entries from all cities in that country.

Sources and References
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