Property Prices in Latvia

Index Info
Price to Income Ratio: 8.63
Mortgage as Percentage of Income: 64.02%
Loan Affordability Index: 1.56
Price to Rent Ratio - City Centre: 24.19
Price to Rent Ratio - Outside of Centre: 21.44
Gross Rental Yield (City Centre): 4.13%
Gross Rental Yield (Outside of Centre): 4.66%
Rent Per Month
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Apartment (1 bedroom) in City Centre 448.70 € 300.00-700.00
Apartment (1 bedroom) Outside of Centre 315.23 € 240.00-425.00
Apartment (3 bedrooms) in City Centre 805.71 € 450.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 535.14 € 380.00-900.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 219.77 € 139.35-278.71
Price per Square Feet to Buy Apartment Outside of Centre 133.47 € 92.90-195.09
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,101.01 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.23 2.49-6.00

These data are based on 452 entries in the past 18 months from 79 different contributors.
Last update: September 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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