Property Prices in Latvia

Index Info
Price to Income Ratio: 8.57
Mortgage as Percentage of Income: 64.18%
Loan Affordability Index: 1.56
Price to Rent Ratio - City Centre: 25.60
Price to Rent Ratio - Outside of Centre: 22.73
Gross Rental Yield (City Centre): 3.91%
Gross Rental Yield (Outside of Centre): 4.40%
Rent Per Month
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Apartment (1 bedroom) in City Centre 408.65 € 250.00-700.00
Apartment (1 bedroom) Outside of Centre 299.57 € 200.00-450.00
Apartment (3 bedrooms) in City Centre 822.22 € 450.00-1,300.00
Apartment (3 bedrooms) Outside of Centre 542.62 € 350.00-900.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 223.28 € 120.77-297.29
Price per Square Feet to Buy Apartment Outside of Centre 138.44 € 92.90-204.38
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,136.11 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.34 2.49-6.00

These data are based on 487 entries in the past 18 months from 78 different contributors.
Last update: March 2025
Our data for each country are based on all entries from all cities in that country.

Sources and References
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