Property Prices in Riga, Latvia

Index Info
Price to Income Ratio: 8.89
Mortgage as Percentage of Income: 56.80%
Loan Affordability Index: 1.76
Price to Rent Ratio - City Centre: 24.03
Price to Rent Ratio - Outside of Centre: 21.06
Gross Rental Yield (City Centre): 4.16%
Gross Rental Yield (Outside of Centre): 4.75%
Rent Per Month
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Apartment (1 bedroom) in City Centre 450.00 € 350.00-650.00
Apartment (1 bedroom) Outside of Centre 311.11 € 250.00-450.00
Apartment (3 bedrooms) in City Centre 833.33 € 650.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 546.76 € 400.00-850.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 221.99 € 185.80-278.71
Price per Square Feet to Buy Apartment Outside of Centre 131.37 € 92.90-199.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,070.11 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.56 2.00-5.00

These data are based on 393 entries in the past 18 months from 66 different contributors.
Last update: March 2023

Sources and References
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