Gross rental yields in Latvia: Riga

The average gross rental yield in Latvia (Riga) stands at 7.81% (2023, Q3).

  Last Updated: Aug. 30, 2023
RIGA CITY - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Riga-Centrs  
Studio €46,450 €280 7.23%
1-Bedroom €91,350 €500 6.57%
2-Bedroom €157,000 €750 5.73%
3-Bedroom €229,000 €1,200 6.29%
Riga Combined  
Studio €35,950 €270 9.01%
1-Bedroom €55,500 €410 8.86%
2-Bedroom €89,500 €600 8.04%
3-Bedroom €182,000 €1,100 7.25%
4+Bedroom €245,000 €1,200 5.88%
Riga avg. Rental Yields 7.81%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Source: Global Property Guide and City24

Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in the capital city of Latvia (Riga). We used the local website for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).

For instance, if the monthly rent is €500 and the purchase price is €100,000, the calculation would be: €500 (Monthly Rent) x 12 / €100,000 (Purchase Price) = 6% (Gross Rental Yield).