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:	7.75	8.54
Mortgage as Percentage of Income:	55.20%	63.98%
Loan Affordability Index:	1.81	1.56
Price to Rent Ratio - City Centre:	30.55	25.59
Price to Rent Ratio - Outside of Centre:	24.39	23.36
Gross Rental Yield (City Centre):	3.27%	3.91%
Gross Rental Yield (Outside of Centre):	4.10%	4.28%

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Finland Edit	Latvia Edit	Difference
Apartment (1 bedroom) in City Centre	782.12 €	405.89 €	-48.1 %
Apartment (1 bedroom) Outside of Centre	633.96 €	297.33 €	-53.1 %
Apartment (3 bedrooms) in City Centre	1,347.18 €	818.89 €	-39.2 %
Apartment (3 bedrooms) Outside of Centre	1,015.69 €	526.00 €	-48.2 %
Buy Apartment Price	Finland Edit	Latvia Edit
Price per Square Feet to Buy Apartment in City Centre	474.99 €	222.01 €	-53.3 %
Price per Square Feet to Buy Apartment Outside of Centre	297.90 €	139.72 €	-53.1 %
Salaries And Financing	Finland Edit	Latvia Edit
Average Monthly Net Salary (After Tax)	2,682.74 €	1,139.62 €	-57.5 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	3.76	4.34	+15.5 %
Last update:	February 2025	February 2025
Contributors in the past 12 months:	199	86

Country data (source The World Bank, 2024)	Finland	Latvia
GDP Per Capita (PPP) ($) :	49,400.00	33,000.00
GDP Growth Rate:	1.60	3.36
Population Growth Rate:	0.22	-1.13

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Other comparisons Finland vs Latvia:

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