Property Prices in Riga, Latvia

Index Info
Price to Income Ratio: 8.63
Mortgage as Percentage of Income: 66.00%
Loan Affordability Index: 1.52
Price to Rent Ratio - City Centre: 24.26
Price to Rent Ratio - Outside of Centre: 22.98
Gross Rental Yield (City Centre): 4.12%
Gross Rental Yield (Outside of Centre): 4.35%
Rent Per Month
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Apartment (1 bedroom) in City Centre 485.17 € 400.00-700.00
Apartment (1 bedroom) Outside of Centre 340.00 € 280.00-500.00
Apartment (3 bedrooms) in City Centre 920.31 € 700.00-1,400.00
Apartment (3 bedrooms) Outside of Centre 596.30 € 500.00-950.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 244.38 € 195.09-325.16
Price per Square Feet to Buy Apartment Outside of Centre 156.54 € 102.19-232.26
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,250.44 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.59 2.50-6.50

These data are based on 342 entries in the past 18 months from 60 different contributors.
Last update: February 2025

Sources and References
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