Property Prices in Latvia

Index Info
Price to Income Ratio: 9.04
Mortgage as Percentage of Income: 67.09%
Loan Affordability Index: 1.49
Price to Rent Ratio - City Centre: 23.99
Price to Rent Ratio - Outside of Centre: 21.37
Gross Rental Yield (City Centre): 4.17%
Gross Rental Yield (Outside of Centre): 4.68%
Rent Per Month
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Apartment (1 bedroom) in City Centre 464.68 € 300.00-700.00
Apartment (1 bedroom) Outside of Centre 319.53 € 250.00-425.00
Apartment (3 bedrooms) in City Centre 815.00 € 600.00-1,300.00
Apartment (3 bedrooms) Outside of Centre 554.69 € 400.00-800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 223.33 € 167.22-278.71
Price per Square Feet to Buy Apartment Outside of Centre 136.21 € 92.90-204.38
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,070.16 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.23 2.50-6.00

These data are based on 436 entries in the past 18 months from 82 different contributors.
Last update: May 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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