Property Market Data for Latvia

Selected Cities in Latvia

Property Index Value
House Price to Income Ratio 10.38
101
Mortgage as % of Income 70.14
122
Loan Affordability Index 1.43
51
Price to Rent Ratio City Centre 21.16
74
Price to Rent Ratio Outside Centre 19.35
82
Gross Rental Yield City Centre 4.73
107
Gross Rental Yield Outside Centre 5.17
94

Macro Data Value
GDP Per Capita ($) 15692.19
GDP Growth Rate 2.36
Population Growth Rate -0.94

Median Income Value Range
Net monthly disposable income 599.32 480.00 - 830.00
Annual mortgage interest rate % 3.17 3.00 - 3.50

Rental Per Month Value Range
Apartment (1 bed) in City Centre 335.24 250.00 - 500.00
Apartment (1 bed) Outside Centre 234.62 120.00 - 300.00
Apartment (3 bed) in City Centre 600.86 400.00 - 850.00
Apartment (3 bed) Outside Centre 378.35 280.00 - 500.00
Price to Rent Ratio City Centre 21.16 21.16 - 21.16
Price to Rent Ratio Outside Centre 19.35 19.35 - 19.35
Gross Rental Yield City Centre 4.73 4.73 - 4.73
Gross Rental Yield Outside Centre 5.17 5.17 - 5.17

Price Per Sq.ft. Value Range
City Centre Apartment Prices 143.50 92.90 - 185.80
Outside Centre Apartment Prices 87.73 53.03 - 92.90