Property Prices in Riga, Latvia

Index Info
Price to Income Ratio: 8.73
Mortgage as Percentage of Income: 66.58%
Loan Affordability Index: 1.50
Price to Rent Ratio - City Centre: 25.04
Price to Rent Ratio - Outside of Centre: 23.50
Gross Rental Yield (City Centre): 3.99%
Gross Rental Yield (Outside of Centre): 4.25%
Rent Per Month
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Apartment (1 bedroom) in City Centre 475.50 € 400.00-700.00
Apartment (1 bedroom) Outside of Centre 333.59 € 280.00-450.00
Apartment (3 bedrooms) in City Centre 889.06 € 700.00-1,400.00
Apartment (3 bedrooms) Outside of Centre 582.00 € 500.00-900.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 245.59 € 195.09-325.16
Price per Square Feet to Buy Apartment Outside of Centre 156.73 € 98.48-232.26
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,239.85 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.55 2.50-6.50

These data are based on 339 entries in the past 18 months from 58 different contributors.
Last update: January 2025

Sources and References
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