Property Prices in Latvia

Index Info
Price to Income Ratio: 8.64
Mortgage as Percentage of Income: 64.36%
Loan Affordability Index: 1.55
Price to Rent Ratio - City Centre: 25.68
Price to Rent Ratio - Outside of Centre: 22.54
Gross Rental Yield (City Centre): 3.89%
Gross Rental Yield (Outside of Centre): 4.44%
Rent Per Month
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Apartment (1 bedroom) in City Centre 421.67 € 250.00-650.00
Apartment (1 bedroom) Outside of Centre 307.55 € 200.00-450.00
Apartment (3 bedrooms) in City Centre 808.14 € 450.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 533.86 € 360.00-900.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 225.87 € 139.35-278.71
Price per Square Feet to Buy Apartment Outside of Centre 138.23 € 92.90-204.38
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,133.49 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.27 2.50-6.00

These data are based on 516 entries in the past 18 months from 88 different contributors.
Last update: November 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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