Property Prices in Riga, Latvia

Index Info
Price to Income Ratio: 9.37
Mortgage as Percentage of Income: 59.35%
Loan Affordability Index: 1.68
Price to Rent Ratio - City Centre: 21.73
Price to Rent Ratio - Outside of Centre: 19.45
Gross Rental Yield (City Centre): 4.60%
Gross Rental Yield (Outside of Centre): 5.14%
Rent Per Month
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Apartment (1 bedroom) in City Centre 443.70 € 350.00-600.00
Apartment (1 bedroom) Outside of Centre 302.85 € 250.00-400.00
Apartment (3 bedrooms) in City Centre 799.17 € 600.00-1,400.00
Apartment (3 bedrooms) Outside of Centre 542.83 € 400.00-800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 195.45 € 167.22-232.26
Price per Square Feet to Buy Apartment Outside of Centre 119.18 € 92.90-167.22
Salaries And Financing
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Average Monthly Net Salary (After Tax) 903.84 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.46 1.50-4.00

These data are based on 348 entries in the past 18 months from 60 different contributors.
Last update: July 2021

Sources and References
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