Property Prices in Latvia

Index
Price to Income Ratio:	8.67
Mortgage as Percentage of Income:	56.01%
Loan Affordability Index:	1.79
Price to Rent Ratio - City Centre:	21.10
Price to Rent Ratio - Outside of Centre:	19.76
Gross Rental Yield (City Centre):	4.74%
Gross Rental Yield (Outside of Centre):	5.06%

Rent Per Month	[ Edit ]	Range
Apartment (1 bedroom) in City Centre	354.09 €	200.00-550.00
Apartment (1 bedroom) Outside of Centre	253.34 €	150.00-400.00
Apartment (3 bedrooms) in City Centre	633.44 €	300.00-1,000.00
Apartment (3 bedrooms) Outside of Centre	448.19 €	250.00-700.00
Buy Apartment Price	[ Edit ]
Price per Square Feet to Buy Apartment in City Centre	151.02 €	65.03-232.26
Price per Square Feet to Buy Apartment Outside of Centre	100.70 €	46.45-167.22
Salaries And Financing	[ Edit ]
Average Monthly Net Salary (After Tax)	781.13 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	2.67	1.50-4.00

These data are based on 659 entries in the past 18 months from 116 different contributors.
Last update: November 2020
Our data for each country are based on all entries from all cities in that country.

Sources and References

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Sources and References:

• Statistics Bureau of Latvia - Personal Income Average Rates

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