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:	9.10	8.82
Mortgage as Percentage of Income:	66.07%	65.39%
Loan Affordability Index:	1.51	1.53
Price to Rent Ratio - City Centre:	28.84	25.15
Price to Rent Ratio - Outside of Centre:	30.41	21.81
Gross Rental Yield (City Centre):	3.47%	3.98%
Gross Rental Yield (Outside of Centre):	3.29%	4.58%

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Germany Edit	Latvia Edit	Difference
Apartment (1 bedroom) in City Centre	893.08 €	433.49 €	-51.5 %
Apartment (1 bedroom) Outside of Centre	673.61 €	315.47 €	-53.2 %
Apartment (3 bedrooms) in City Centre	1,669.63 €	808.57 €	-51.6 %
Apartment (3 bedrooms) Outside of Centre	1,269.79 €	534.17 €	-57.9 %
Buy Apartment Price	Germany Edit	Latvia Edit
Price per Square Feet to Buy Apartment in City Centre	531.17 €	224.57 €	-57.7 %
Price per Square Feet to Buy Apartment Outside of Centre	424.03 €	135.75 €	-68.0 %
Salaries And Financing	Germany Edit	Latvia Edit
Average Monthly Net Salary (After Tax)	2,823.83 €	1,099.55 €	-61.1 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	3.98	4.23	+6.2 %
Last update:	October 2024	October 2024
Contributors in the past 12 months:	1046	78

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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