Latvia real estate market — prices, rental yield and trend

• Average price: $2,497 / m²
• Gross rental yield: 4.06%
• 12-month price change (USD): 7.4%
• Net rental yield: 3.65%
• Transaction cost: 2.6%
• Price basis: national average

Residential property in Latvia averages $2,497 per square metre, +7.4% in dollar terms over the last twelve months. That makes it the 201st most expensive of the 264 markets in the set.

What a buyer pays in Latvia

The $2,497 figure is a national average across all residential property types, which flattens a wide spread — the capital typically runs far above it and small towns far below. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 2.6% of the price here. On a 100 m² apartment at the average price that is roughly $6,493 on top of the $249,722 purchase price. That is below the 9.6% median across the set, which shortens the time it takes for a purchase to break even. Of that, the transfer tax alone is 1.5%; the rest is notary, registration and agency fees.

What it earns

A square metre lets for about $8.5 a month. Against a purchase price of $2,497 per square metre that is 4.1% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 239th of 311 markets by gross yield. Rental income is taxed at 10–25.5% — the rate is not a single number here. That is the difference between 3% and 3.7% net on the same property. The 3.7% net figure we publish uses 10%. On the way out there is a third tax: a non-resident seller pays 25.5% on the gain.

How the tax works. Two regimes: the simplified regime taxes rent at a flat 10% (ordinary expenses not deductible except qualifying real estate tax); under the ordinary regime net rental income is taxed at the progressive 25.5% / 33% rates. Non-residents may have more limited allowances. Source: Global Property Guide Latvia taxes and costs (last update Sep 2026).

How this figure is built

The price figure for Latvia is built from asking prices from listings. It was last refreshed on 2026-10-17. We rate our confidence in this market’s data low — treat the figures as indicative and check them before acting. We recompute every market the same way; a figure that fails our checks is suppressed, not guessed.

Sources: Numbeo Latvia [https://www.numbeo.com/cost-of-living/country_result.jsp?country=Latvia&displayCurrency=USD]; Eurostat prc_hpi_q RCH_A LV [https://ec.europa.eu/eurostat/api/dissemination/statistics/1.0/data/prc_hpi_q?format=JSON&purchase=TOTAL&unit=RCH_A&sinceTimePeriod=2025-Q3&lang=en&geo=LV]; CSB Q1 2026 release [https://stat.gov.lv/en/statistics-themes/economy/consumer-prices/press-releases/27596-changes-dwelling-prices-1st-quarter]; FX ECB 2026-10-15; GPG taxes and costs [https://www.globalpropertyguide.com/europe/latvia/taxes-and-costs]. Snapshot: 2026-10-17.