Property Prices in Riga, Latvia

Index Info
Price to Income Ratio: 8.55
Mortgage as Percentage of Income: 65.48%
Loan Affordability Index: 1.53
Price to Rent Ratio - City Centre: 23.69
Price to Rent Ratio - Outside of Centre: 22.02
Gross Rental Yield (City Centre): 4.22%
Gross Rental Yield (Outside of Centre): 4.54%
Rent Per Month
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Apartment (1 bedroom) in City Centre 497.26 € 400.00-700.00
Apartment (1 bedroom) Outside of Centre 341.94 € 300.00-500.00
Apartment (3 bedrooms) in City Centre 903.33 € 700.00-1,400.00
Apartment (3 bedrooms) Outside of Centre 593.33 € 500.00-900.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 239.76 € 185.80-297.29
Price per Square Feet to Buy Apartment Outside of Centre 150.12 € 92.90-232.26
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,226.42 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.60 2.90-6.00

These data are based on 364 entries in the past 18 months from 59 different contributors.
Last update: November 2024

Sources and References
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