🇱🇻 Latvia

Riga

EUR 2,500/m² 1.8%

Latvia's capital offers Art Nouveau architecture and affordable Baltic living with improving infrastructure.

City Center
EUR 3,300/m²
Rental Yield
4.8%
Salary/m²
1.9 months
Avg Salary
EUR 1,300/mo

Is Riga expensive?

Riga is 60% below the European average of €6,307/m².

At €2,500/m², it takes 1.9 months of the average local net salary (€1,300/mo) to purchase one square meter. Prices are currently stable at 1.8% year-over-year.

Price History

Frequently Asked Questions

What is the average price per m² in Riga?↓
The average apartment price in Riga is €2,500 per square meter as of Q1 2026. City center prices average €3,300/m².
Is Riga expensive compared to Latvia?↓
Riga is 0% below the Latvia average of €2,500/m².
What is the rental yield in Riga?↓
The average rental yield in Riga is 4.8%, based on an average rent of €10/m² per month and purchase price of €2,500/m².
Is Riga a good place to buy property?↓
Riga is rated "Affordable" with prices stable at 1.8%. It takes 1.9 months of average local salary to buy one square meter.

Similar Price Range

🇷🇸 Serbia
Belgrade
€2,400/m²
🇪🇪 Estonia
Tallinn
€2,600/m²
🇨🇾 Cyprus
Larnaca
€2,600/m²
🇱🇹 Lithuania
Vilnius
€2,700/m²