Property Prices in Latvia

Index Info
Price to Income Ratio: 8.99
Mortgage as Percentage of Income: 66.71%
Loan Affordability Index: 1.50
Price to Rent Ratio - City Centre: 24.05
Price to Rent Ratio - Outside of Centre: 21.42
Gross Rental Yield (City Centre): 4.16%
Gross Rental Yield (Outside of Centre): 4.67%
Rent Per Month
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Apartment (1 bedroom) in City Centre 460.21 € 300.00-700.00
Apartment (1 bedroom) Outside of Centre 315.11 € 250.00-400.00
Apartment (3 bedrooms) in City Centre 817.19 € 600.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 544.29 € 400.00-800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 222.97 € 167.22-278.71
Price per Square Feet to Buy Apartment Outside of Centre 134.35 € 92.90-195.09
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,069.67 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.23 2.50-6.00

These data are based on 450 entries in the past 18 months from 79 different contributors.
Last update: April 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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