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Jul 03, 2013

In Riga, suburban yields are excellent, at between 5.7% to 8.2%


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
Districts researched:
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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