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).