Property Prices in Riga, Latvia

Index Info
Price to Income Ratio: 9.63
Mortgage as Percentage of Income: 61.87%
Loan Affordability Index: 1.62
Price to Rent Ratio - City Centre: 21.12
Price to Rent Ratio - Outside of Centre: 19.17
Gross Rental Yield (City Centre): 4.74%
Gross Rental Yield (Outside of Centre): 5.22%
Rent Per Month
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Apartment (1 bedroom) in City Centre 435.31 € 350.00-600.00
Apartment (1 bedroom) Outside of Centre 302.69 € 250.00-400.00
Apartment (3 bedrooms) in City Centre 807.01 € 600.00-1,500.00
Apartment (3 bedrooms) Outside of Centre 545.03 € 400.00-800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 188.83 € 157.93-232.26
Price per Square Feet to Buy Apartment Outside of Centre 117.63 € 92.90-167.22
Salaries And Financing
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Average Monthly Net Salary (After Tax) 856.38 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.61 1.50-3.50

These data are based on 369 entries in the past 18 months from 67 different contributors.
Last update: February 2021

Sources and References
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