Gross rental yields in Latvia: Riga and Jūrmala
The average gross rental yield in Latvia stands at 8.06% (2024, Q2). Previously, in Q3, 2023 the average gross rental yield stood at 7.81%.
- Riga
- Jūrmala
| Last Updated: Apr. 17, 2024 | |||
| RIGA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Centrs | |||
| Studio | €74,790 | €450 | 7.22% |
| 1-Bedroom | €119,800 | €650 | 6.51% |
| 2-Bedroom | €222,700 | €1,150 | 6.20% |
| 3-Bedroom | €339,000 | €1,800 | 6.37% |
| 4+Bedroom | €369,000 | €2,000 | 6.50% |
| Agenskalns | |||
| Studio | €62,560 | €290 | 5.56% |
| 1-Bedroom | €104,460 | €900 | 10.34% |
| 2-Bedroom | €174,700 | €1,700 | 11.68% |
| Vecriga | |||
| 1-Bedroom | €180,000 | €900 | 6.00% |
| 2-Bedroom | €289,000 | €1,000 | 4.15% |
| 3-Bedroom | €390,000 | €2,500 | 7.69% |
| All Locations | |||
| Studio | €53,295 | €480 | 10.81% |
| 1-Bedroom | €105,205 | €680 | 7.76% |
| 2-Bedroom | €173,500 | €1,150 | 7.95% |
| 3-Bedroom | €240,000 | €1,800 | 9.00% |
| 4+Bedroom | €370,000 | €2,100 | 6.81% |
| Riga avg. Rental Yields | 8.47% | ||
| JŪRMALA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| All Locations | |||
| Studio | €39,500 | €300 | 9.11% |
| 1-Bedroom | €160,000 | €1,200 | 9.00% |
| 2-Bedroom | €295,000 | €1,600 | 6.51% |
| 3-Bedroom | €399,000 | €2,000 | 6.02% |
| Jūrmala avg. Rental Yields | 7.66% | ||
| 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 |
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Latvia's Historic Rental Yield Data
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).