House Prices/GDP per Capita in Latvia compared to Europe

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Click name of country for detailed information
Ukraine 71.98x
Netherlands 69.79x
Russia 64.22x
Turkey 59.25x
UK 55.48x
Czech Rep. 44.81x
France 41.56x
Monaco 31.79x
Serbia 30.12x
Poland 28.02x
Macedonia 26.71x
Montenegro 25.88x
Hungary 24.65x
Latvia 24.59x
Portugal 23.96x
Finland 23.89x
Italy 22.98x
Moldova 22.52x
Malta 22.40x
Austria 22.37x
Greece 22.13x
Switzerland 20.50x
Spain 20.50x
Lithuania 18.01x
Bulgaria 17.72x
Slovak Rep. 17.12x
Sweden 16.96x
Slovenia 15.53x
Estonia 14.50x
Germany 14.42x
Romania 14.19x
Croatia 14.10x
Norway 11.51x
Denmark 9.87x
Belgium 9.53x
Andorra 8.40x
Cyprus 6.76x
Luxembourg 4.21x

Latvia: House price to income ratio

The house price to income ratio is the ratio of the cost of a typical upscale housing unit of 100 square metres, compared to the countrys GDP per capita. Normally this ratio will be much higher in low income countries than in high income countries.

The formula is: (Price per square metre / GDP per capita)*100. The house price to income ratios published by the Global Property Guide are based on the Global Property Guides own proprietary in-house research, but we use the IMFs GDP per capita figures.


Latvia generates monthly average apartment prices, issued by private entities, Arco Real Estate and Ober Haus. The Central Statistical Bureau of Latvia started producing annual average house prices in 2004 but stopped in 2009. High quality general economics statistics for Latvia are published by the Bank of Latvia and the Central Statistical Bureau of Latvia.