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 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).