Property Prices Comparison Between Latvia and Estonia

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

City in Latvia:
City in Estonia:

Index	Latvia	Estonia
Price to Income Ratio:	8.70	11.12
Mortgage as Percentage of Income:	64.88%	88.42%
Loan Affordability Index:	1.54	1.13
Price to Rent Ratio - City Centre:	25.68	29.00
Price to Rent Ratio - Outside of Centre:	22.54	27.73
Gross Rental Yield (City Centre):	3.89%	3.45%
Gross Rental Yield (Outside of Centre):	4.44%	3.61%

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Latvia Edit	Estonia Edit	Difference
Apartment (1 bedroom) in City Centre	421.67 €	615.09 €	+45.9 %
Apartment (1 bedroom) Outside of Centre	307.55 €	447.79 €	+45.6 %
Apartment (3 bedrooms) in City Centre	808.14 €	1,074.83 €	+33.0 %
Apartment (3 bedrooms) Outside of Centre	533.86 €	783.56 €	+46.8 %
Buy Apartment Price	Latvia Edit	Estonia Edit
Price per Square Feet to Buy Apartment in City Centre	225.87 €	356.79 €	+58.0 %
Price per Square Feet to Buy Apartment Outside of Centre	138.23 €	248.54 €	+79.8 %
Salaries And Financing	Latvia Edit	Estonia Edit
Average Monthly Net Salary (After Tax)	1,126.42 €	1,464.90 €	+30.0 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	4.29	5.05	+17.6 %
Last update:	November 2024	November 2024
Contributors in the past 12 months:	87	95

Country data (source The World Bank, 2024)	Latvia	Estonia
GDP Per Capita (PPP) ($) :	33,000.00	37,700.00
GDP Growth Rate:	3.36	-1.29
Population Growth Rate:	-1.13	-0.74

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