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Monday 24.10.2016 | Name days: Renāte, Modrīte, Mudrīte

Researchers determine the portrait of potential housing buyer in Latvia

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUA man with higher education and income above EUR 600 per month – such is the portrait of a potential housing buyer in Latvia.

Based on nationality, approximately half of respondents who plan to procure housing in the near future are Latvians. The same situation is noted among respondents who only wish to add this endeavour to their plans. Potential buyers are mostly respondents with higher, Bachelor’s degree. People who consider the possibility of buying housing are respondents with either Bachelor’s degree or Master’s degree, as reported by DNB Bank.

Most respondents who have decided to buy a home are men. Women are one-third less active than men in this matter. Nearly the same proportion is noted among respondents who are not yet certain about their housing plans. 36 to 40 years – this is the age interval with respondents who are certain about their plans. Respondents aged 31 to 35 said they do not have any concrete plans.

The majority of respondents say they begin thinking of acquiring family property at the beginning of the relationship – while the couple does not yet have children. The second most popular group of respondents who plan to acquire housing property consists of households with five family members.

A closer look at potential buyers reveals that most often residents whose income is EUR 500 to 1,000 per month most often make plans to acquire housing. There was also a nearly equal number of respondents with income from EUR 601 to EUR 800 and EUR 801 to EUR 1,000.

According to results of the survey, residents of Kurzeme are expected to improve the general situation in the real estate market. Kurzeme has the largest number of respondents who definitely plan to buy real estate property. Although there are many more respondents in Riga who are in the process of considering the idea, Kurzeme is not far behind in that regard.


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