People are still interested in housing, but decisions to buy a house or an apartment are made more cautiously. As a result, the number of transactions has decreased.
–
Most transactions in the first half of the year were concluded in Riga and Pieriga. Most often people bought two-room apartments with an area of †‹вЂ‹ 36 to 56 square meters.
–
Every second purchased apartment was in a standard project.
–
“It has always been classic in the world that how much a person earns per month shows about how much expensive square meter he can afford. This level of our salaries, which is plus or minus a thousand, is the price level of standard-type apartments, ”explained Edgars Šīns, Chairman of the Board of Latio.
–
Contrary to initial forecasts, house prices did not change significantly, but sometimes potential buyers tried to agree on a lower price in a face-to-face conversation with the apartment owner.
–
Edgars Šīns, on the other hand, pointed out that “people will want an extra room in their home, so that they do not have to build a tent in case of a virus, where they could work in the room to isolate themselves from everyone with headphones”.
–
“It simply came to our notice then. Those who can afford it, plan to have another room in case they have to work from home again
–
m to have a place to work, ”said Shin.
–
The opposite picture emerges in the rental market – during an emergency, tenants often asked for a reduction in fees. If they failed, they had to look for cheaper housing, and people were also ready to reduce their demands.
—
