Property Prices in Riga, Latvia

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Index Info
Price to Income Ratio: 8.39
Mortgage as Percentage of Income: 64.22%
Loan Affordability Index: 1.56
Price to Rent Ratio - City Centre: 24.06
Price to Rent Ratio - Outside of Centre: 22.27
Gross Rental Yield (City Centre): 4.16%
Gross Rental Yield (Outside of Centre): 4.49%
Rent Per Month
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Apartment (1 bedroom) in City Centre 491.25 € 400.00-700.00
Apartment (1 bedroom) Outside of Centre 340.91 € 280.00-450.00
Apartment (3 bedrooms) in City Centre 925.00 € 700.00-1,400.00
Apartment (3 bedrooms) Outside of Centre 613.79 € 500.00-950.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 244.51 € 195.09-325.16
Price per Square Feet to Buy Apartment Outside of Centre 153.94 € 111.48-232.26
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,277.24 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.59 2.50-6.50

These data are based on 339 entries from 51 contributors over the past 18 months.
Last update: April 2025

Sources and References
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