Property Prices Comparison Between Germany and Latvia

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

City in Germany:
City in Latvia:

Index	Germany	Latvia
Price to Income Ratio:	9.03	8.42
Mortgage as Percentage of Income:	65.58%	62.86%
Loan Affordability Index:	1.52	1.59
Price to Rent Ratio - City Centre:	28.69	25.14
Price to Rent Ratio - Outside of Centre:	30.25	22.76
Gross Rental Yield (City Centre):	3.49%	3.98%
Gross Rental Yield (Outside of Centre):	3.31%	4.39%

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Germany Edit	Latvia Edit	Difference
Apartment (1 bedroom) in City Centre	894.45 €	421.22 €	-52.9 %
Apartment (1 bedroom) Outside of Centre	674.32 €	303.23 €	-55.0 %
Apartment (3 bedrooms) in City Centre	1,678.12 €	795.56 €	-52.6 %
Apartment (3 bedrooms) Outside of Centre	1,268.70 €	512.56 €	-59.6 %
Buy Apartment Price	Germany Edit	Latvia Edit
Price per Square Feet to Buy Apartment in City Centre	530.10 €	219.44 €	-58.6 %
Price per Square Feet to Buy Apartment Outside of Centre	421.85 €	136.08 €	-67.7 %
Salaries And Financing	Germany Edit	Latvia Edit
Average Monthly Net Salary (After Tax)	2,835.33 €	1,136.06 €	-59.9 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	3.98	4.30	+8.1 %
Last update:	December 2024	December 2024
Contributors in the past 12 months:	1084	87

Country data (source The World Bank, 2024)	Germany	Latvia
GDP Per Capita (PPP) ($) :	54,000.00	33,000.00
GDP Growth Rate:	1.81	3.36
Population Growth Rate:	-0.12	-1.13

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Other comparisons Germany vs Latvia:

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