Property Prices in Riga, Latvia

Index Info
Price to Income Ratio: 8.73
Mortgage as Percentage of Income: 66.57%
Loan Affordability Index: 1.50
Price to Rent Ratio - City Centre: 22.86
Price to Rent Ratio - Outside of Centre: 21.72
Gross Rental Yield (City Centre): 4.37%
Gross Rental Yield (Outside of Centre): 4.60%
Rent Per Month
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Apartment (1 bedroom) in City Centre 498.51 € 400.00-700.00
Apartment (1 bedroom) Outside of Centre 335.59 € 300.00-425.00
Apartment (3 bedrooms) in City Centre 882.61 € 700.00-1,400.00
Apartment (3 bedrooms) Outside of Centre 574.00 € 500.00-800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 229.30 € 185.80-278.71
Price per Square Feet to Buy Apartment Outside of Centre 144.46 € 92.90-204.38
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,152.27 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.55 2.80-6.50

These data are based on 340 entries in the past 18 months from 57 different contributors.
Last update: May 2024

Sources and References
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