Property Prices Comparison Between Latvia and Germany

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

City in Latvia:
City in Germany:

Index	Latvia	Germany
Price to Income Ratio:	8.63	9.15
Mortgage as Percentage of Income:	64.02%	66.42%
Loan Affordability Index:	1.56	1.51
Price to Rent Ratio - City Centre:	24.19	28.93
Price to Rent Ratio - Outside of Centre:	21.44	30.72
Gross Rental Yield (City Centre):	4.13%	3.46%
Gross Rental Yield (Outside of Centre):	4.66%	3.26%

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Latvia Edit	Germany Edit	Difference
Apartment (1 bedroom) in City Centre	448.70 €	888.41 €	+98.0 %
Apartment (1 bedroom) Outside of Centre	315.23 €	677.54 €	+114.9 %
Apartment (3 bedrooms) in City Centre	805.71 €	1,672.33 €	+107.6 %
Apartment (3 bedrooms) Outside of Centre	535.14 €	1,275.88 €	+138.4 %
Buy Apartment Price	Latvia Edit	Germany Edit
Price per Square Feet to Buy Apartment in City Centre	219.77 €	531.74 €	+142.0 %
Price per Square Feet to Buy Apartment Outside of Centre	133.47 €	430.59 €	+222.6 %
Salaries And Financing	Latvia Edit	Germany Edit
Average Monthly Net Salary (After Tax)	1,101.01 €	2,829.77 €	+157.0 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	4.23	3.98	-5.9 %
Last update:	September 2024	September 2024
Contributors in the past 12 months:	79	1035

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

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