Property Prices in Riga, Latvia

Index Info
Price to Income Ratio: 8.65
Mortgage as Percentage of Income: 65.98%
Loan Affordability Index: 1.52
Price to Rent Ratio - City Centre: 23.62
Price to Rent Ratio - Outside of Centre: 21.55
Gross Rental Yield (City Centre): 4.23%
Gross Rental Yield (Outside of Centre): 4.64%
Rent Per Month
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Apartment (1 bedroom) in City Centre 488.55 € 400.00-700.00
Apartment (1 bedroom) Outside of Centre 333.61 € 280.00-425.00
Apartment (3 bedrooms) in City Centre 875.00 € 700.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 567.31 € 450.00-800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 233.42 € 185.80-301.93
Price per Square Feet to Buy Apartment Outside of Centre 142.12 € 92.90-204.38
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,168.33 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.56 2.50-6.50

These data are based on 361 entries in the past 18 months from 65 different contributors.
Last update: July 2024

Sources and References
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