|Last Updated: Jul. 03, 2013|
|RIGA CITY - Flats||COST (€)||YIELD (p.a.)||PRICE/SQ.M. (€)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|45 sq. m.||93,375||491||6.30%||2,075||10.90|
|75 sq. m.||144,525||770||6.40%||1,927||10.27|
|120 sq. m.||258,720||1,166||5.41%||2,156||9.72|
|200 sq. m.||531,000||2,316||5.23%||2,655||11.58|
|RIGA SUBURBS - Flats|
|45 sq. m.||47,340||233||8.16%||1,052||7.15|
|70 sq. m.||72,730||414||6.84%||1,039||5.92|
|120 sq. m.||182,400||860||5.66%||1,520||7.17|
Riga City: Old Town (Vecriga), City Centre
Riga Suburbs: Purvciems, Teika, Mezaparks, Vecmilgravis
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
Gross rental yields in the suburbs of Riga, the capital of Latvia, are moderate to excellent.
In the centre of Riga, a 45 sq. m. apartment returns only a 6.30% rental yield. A 45-sq.m. apartment in the centre might cost around EUR 500 per month to rent, but around EUR 93,000 to buy.
The suburbs of Riga included in our research are Purvciems, Teika, Mezaparks and Vecmilgravis. A 45-square metre (sq.m.) apartment in these areas costs around EUR 47,000 to buy, but could earn around EUR 300 monthly rental income. Property owners thus enjoy excellent rental yields of 8.16%.
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