Property Prices in Riga, Latvia

Index Info
Price to Income Ratio: 9.40
Mortgage as Percentage of Income: 60.09%
Loan Affordability Index: 1.66
Price to Rent Ratio - City Centre: 21.54
Price to Rent Ratio - Outside of Centre: 18.71
Gross Rental Yield (City Centre): 4.64%
Gross Rental Yield (Outside of Centre): 5.34%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 416.17 € 350.00-600.00
Apartment (1 bedroom) Outside of Centre 297.73 € 230.00-400.00
Apartment (3 bedrooms) in City Centre 769.60 € 600.00-1,000.00
Apartment (3 bedrooms) Outside of Centre 540.27 € 400.00-750.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 183.97 € 139.35-232.26
Price per Square Feet to Buy Apartment Outside of Centre 113.35 € 92.90-148.64
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 851.11 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.56 1.50-3.50

These data are based on 475 entries in the past 18 months from 82 different contributors.
Last update: October 2020

Sources and References
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