|Last Updated: Sept. 17, 2012|
|RIGA CITY - Flats||COST (€)||YIELD (p.a.)||PRICE/SQ.M. (€)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|40 sq. m.||95,480||408||5.12%||2,387||10.19|
|75 sq. m.||210,675||860||4.90%||2,809||11.46|
|120 sq. m.||402,600||1,379||4.11%||3,355||11.49|
|200 sq. m.||725,200||2,408||3.98%||3,626||12.04|
|RIGA SUBURBS - Flats|
|50 sq. m.||74,400||394||6.35%||1,488||7.87|
|85 sq. m.||125,800||530||5.06%||1,480||6.24|
|120 sq. m.||176,280||822||5.60%||1,469||6.85|
|200 sq. m.||287,400||n.a.||n.a.||1,437||n.a.|
Riga City: Old Town (Vecriga), City Centre
Riga Suburbs: Purvciems, Teika, Mezaparks, Vecmilgravis
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
Apartments in the centre of Riga cost around EUR 2,400 to EUR 3,600 per square metre (sq. m.). Bigger apartments tend to cost more, for example, a 200 sq. m. apartment costs on average EUR 3,600 per sq. m. whereas a 40 sq. m. apartment costs on average EUR 2,400 per sq. m.
In the upscale suburbs of Riga, average apartment prices are around EUR 1,500 per sq. m.
Rents in Riga Centre range from EUR 10 per sq. m. per month for smaller apartments, to EUR 12 per sq. m. per month for larger apartments.
A 40 sq. m. apartment can be rented for around EUR 400 per month; a 75 sq. m. apartment for around EUR 900 per month, a 120 sq. m. apartment for around EUR 1,400 per month; and a 200 sq. m. apartment for around EUR 2,400 per month.
In the suburbs, per sq. m. rents range from around EUR 6 to EUR 8 per sq. m. per month.
A 50 sq. m. suburban apartment can be rented for around EUR 400 per month, while a 120 sq. m. apartment can be rented for twice that rate, at around EUR 800 per month.
The gross rental yield for apartments in Riga Centre ranges from 3.98% to 5.12%, with smaller apartments earning the highest rental returns.
The gross rental yield for apartments in the suburbs of Riga is higher, ranging from 5.06% to 6.35%.
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