Property Prices in Riga, Latvia

Index Info
Price to Income Ratio: 8.95
Mortgage as Percentage of Income: 62.44%
Loan Affordability Index: 1.60
Price to Rent Ratio - City Centre: 23.11
Price to Rent Ratio - Outside of Centre: 22.90
Gross Rental Yield (City Centre): 4.33%
Gross Rental Yield (Outside of Centre): 4.37%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 485.52 € 400.00-650.00
Apartment (1 bedroom) Outside of Centre 307.88 € 250.00-400.00
Apartment (3 bedrooms) in City Centre 855.88 € 700.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 565.26 € 400.00-850.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 225.36 € 185.80-278.71
Price per Square Feet to Buy Apartment Outside of Centre 144.21 € 111.48-232.26
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,111.12 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.53 2.00-6.00

These data are based on 380 entries in the past 18 months from 65 different contributors.
Last update: November 2023

Sources and References
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