Property Prices Comparison Between Finland and Latvia

For major cities in those countries you get more relevant data by specifying cities.

City in Finland:
City in Latvia:

Index	Finland	Latvia
Price to Income Ratio:	8.19	8.77
Mortgage as Percentage of Income:	57.86%	65.04%
Loan Affordability Index:	1.73	1.54
Price to Rent Ratio - City Centre:	31.16	25.15
Price to Rent Ratio - Outside of Centre:	25.05	21.81
Gross Rental Yield (City Centre):	3.21%	3.98%
Gross Rental Yield (Outside of Centre):	3.99%	4.58%

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Finland Edit	Latvia Edit	Difference
Apartment (1 bedroom) in City Centre	789.69 €	433.49 €	-45.1 %
Apartment (1 bedroom) Outside of Centre	639.41 €	315.47 €	-50.7 %
Apartment (3 bedrooms) in City Centre	1,372.23 €	808.57 €	-41.1 %
Apartment (3 bedrooms) Outside of Centre	1,035.0 €	534.17 €	-48.4 %
Buy Apartment Price	Finland Edit	Latvia Edit
Price per Square Feet to Buy Apartment in City Centre	491.02 €	224.57 €	-54.3 %
Price per Square Feet to Buy Apartment Outside of Centre	309.96 €	135.75 €	-56.2 %
Salaries And Financing	Finland Edit	Latvia Edit
Average Monthly Net Salary (After Tax)	2,631.47 €	1,105.42 €	-58.0 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	3.67	4.23	+15.2 %
Last update:	October 2024	October 2024
Contributors in the past 12 months:	207	79

Country data (source The World Bank, 2024)	Finland	Latvia
GDP Per Capita (PPP) ($) :	49,400.0	33,000.0
GDP Growth Rate:	1.6	3.36
Population Growth Rate:	0.22	-1.13

Moving to Finland? Explore:

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Other comparisons Finland vs Latvia:

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