Property Prices in Riga, Latvia

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Index Info
Price to Income Ratio: 8.27
Mortgage as Percentage of Income: 63.51%
Loan Affordability Index: 1.57
Price to Rent Ratio - City Centre: 23.56
Price to Rent Ratio - Outside of Centre: 22.36
Gross Rental Yield (City Centre): 4.25%
Gross Rental Yield (Outside of Centre): 4.47%
Rent Per Month
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Apartment (1 bedroom) in City Centre 520.00 € 400.00-700.00
Apartment (1 bedroom) Outside of Centre 358.81 € 300.00-500.00
Apartment (3 bedrooms) in City Centre 924.14 € 700.00-1,300.00
Apartment (3 bedrooms) Outside of Centre 606.45 € 500.00-950.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 246.86 € 222.97-325.16
Price per Square Feet to Buy Apartment Outside of Centre 158.16 € 111.48-232.26
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,317.90 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.63 2.50-6.50

These data are based on 294 entries from 47 contributors over the past 18 months.
Last update: 15 July 2025

Sources and References
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