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:	8.42	9.01
Mortgage as Percentage of Income:	62.86%	65.41%
Loan Affordability Index:	1.59	1.53
Price to Rent Ratio - City Centre:	25.14	28.62
Price to Rent Ratio - Outside of Centre:	22.76	30.21
Gross Rental Yield (City Centre):	3.98%	3.49%
Gross Rental Yield (Outside of Centre):	4.39%	3.31%

Currency: Sticky Currency Switch to metric measurement units

Rent Per Month	Latvia Edit	Germany Edit	Difference
Apartment (1 bedroom) in City Centre	421.22 €	895.26 €	+112.5 %
Apartment (1 bedroom) Outside of Centre	303.23 €	673.99 €	+122.3 %
Apartment (3 bedrooms) in City Centre	795.56 €	1,675.72 €	+110.6 %
Apartment (3 bedrooms) Outside of Centre	512.56 €	1,268.10 €	+147.4 %
Buy Apartment Price	Latvia Edit	Germany Edit
Price per Square Feet to Buy Apartment in City Centre	219.44 €	528.74 €	+140.9 %
Price per Square Feet to Buy Apartment Outside of Centre	136.08 €	421.11 €	+209.5 %
Salaries And Financing	Latvia Edit	Germany Edit
Average Monthly Net Salary (After Tax)	1,136.06 €	2,836.49 €	+149.7 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	4.30	3.98	-7.5 %
Last update:	December 2024	December 2024
Contributors in the past 12 months:	87	1093

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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