Property Prices in Riga, Latvia

Index Info
Price to Income Ratio: 8.58
Mortgage as Percentage of Income: 65.32%
Loan Affordability Index: 1.53
Price to Rent Ratio - City Centre: 24.21
Price to Rent Ratio - Outside of Centre: 22.81
Gross Rental Yield (City Centre): 4.13%
Gross Rental Yield (Outside of Centre): 4.38%
Rent Per Month
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Apartment (1 bedroom) in City Centre 491.62 € 400.00-700.00
Apartment (1 bedroom) Outside of Centre 339.71 € 280.00-500.00
Apartment (3 bedrooms) in City Centre 887.50 € 700.00-1,200.00
Apartment (3 bedrooms) Outside of Centre 572.22 € 450.00-900.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 241.55 € 185.80-297.29
Price per Square Feet to Buy Apartment Outside of Centre 152.50 € 98.48-204.38
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,236.35 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.54 2.90-6.00

These data are based on 365 entries in the past 18 months from 61 different contributors.
Last update: December 2024

Sources and References
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