Property Prices in Riga, Latvia

Index Info
Price to Income Ratio: 8.70
Mortgage as Percentage of Income: 66.34%
Loan Affordability Index: 1.51
Price to Rent Ratio - City Centre: 23.15
Price to Rent Ratio - Outside of Centre: 23.76
Gross Rental Yield (City Centre): 4.32%
Gross Rental Yield (Outside of Centre): 4.21%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre €527.62 400.00-650.00
1 Bedroom Apartment Outside of City Centre €354.67 280.00-450.00
3 Bedroom Apartment in City Centre €1,049.47 800.00-1,500.00
3 Bedroom Apartment Outside of City Centre €698.56 500.00-1,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre €259.28 208.30-325.16
Price per Square Feet to Buy Apartment Outside of Centre €178.02 111.48-241.55
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) €1,351.98
Annual Mortgage Interest Rate (20-Year Fixed, in %) 4.55 3.00-6.00

These data are based on 196 entries from 30 contributors over the past 18 months.
Last update: 7 June 2026

Sources and References
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