The majority of Latvian residents dream of having a new private house with three to five rooms and a total area of 100 m2. An ideal variant if this house is close to nature has a terrace, a balcony and a garage. Such dream homes are stated in DNB Bank’s recently realized survey.
Results of the survey also point out differences in preferences between men and women.
Demand for private homes outside city limits and in the countryside is the highest among men, whereas women mostly prefer having a private home in the quiet centre or closer to the city. The ideal location changes among different age groups: respondents aged up to 45 mostly prefer having a home in the suburbs and older people would rather live in a home in the countryside.
«Survey results show that more than 80% of Latvian residents would like to live in private homes and 12% would like to live in apartments. This survey does cover the topic of a dream home – reality is different to what we want it to be. For example, 47% of mortgage loans issued by DNB Bank in the first eight months of 2016 were used to buy apartments, 7% of those loans were used to buy so-called pre-war apartments and 23% – to buy apartments in new projects. In 23% of cases, mortgage loans were provided to buy private homes. Responses provided in this survey are very human, because the desire to have a place where it is possible to rest and recharge outside the busy life cycle tends to increase nowadays,» – says Anita Berzina, DNB Bank Vice-President.
When asked about their desired living space, women most often mentioned areas of 151-200 m2 (28%). Men, on the other hand, expressed more modest numbers: 101-150 m2 (29%). As age goes up, so does the desired living space: 36% of respondents aged 36-45 would prefer living space of 151-200 m2.
The majority of respondents said they would like to have a private home with two floors.
Different opinions are also noted among people who want an apartment on a specific floor. Women most often mentioned wanting to live on the second floor (47%). Third and fifth floor are the next in terms of popularity. People of the 18-35 age group give preference to top floors. As age goes up, however, residents tend to like first and second floor apartments.
Property closer to nature, including forest, park or bodies of water is equally important for representatives of both genders. Elements like balcony, terrace and high ceiling is the deciding factor for both genders and all age groups.
The survey carried out by DNB Bank interviewed 505 respondents from all over Latvia.