New real estate projects – on pause; for existing ones – looking for buyers.

The real estate market continues to operate, providing its customers with new solutions that allow them to purchase property, observing all safety measures established in the country and without even leaving their homes, informs the real estate developer “Bonava Latvija”. Mārtiņš Vanags, chairman of the board of the Alliance of Real Estate Developers, says: “Taking into account the impact of the virus pandemic on the economy, we can predict a decrease in the supply of new housing in the coming years. Although the started apartment projects are being successfully continued and will be put into operation, several real estate developers are reluctant to start new housing projects have put on pause. This means that the supply of new and sustainable apartments could even decrease in the coming years, which may also cause an increase in their prices. At the moment, there is still a wide range of offers in various price categories and locations, as well as good credit conditions, including ” Altum” Housing program.” The current situation is an incentive to find new approaches to make the property purchase process as convenient and safe as possible, says the chairman of the board of the real estate developer “Bonava Latvija”, Mareks Kļaviņš. He informs: “Our data shows that, even in the current situation, those people who had reserved housing in advance complete the purchase transactions in almost 100% of the cases, as well as the interest and willingness of new customers to make transactions can be observed, despite the external circumstances.” “If you lose your job, buying a new home will most likely not be relevant, but for those who have savings or savings, it is even recommended to invest them in long-term safe purchases. Also, this time when we stay at home and additional expenses have decreased can be used to build savings, to buy the property already after the situation stabilizes,” says M. Kļaviņš. M. Kļaviņš reminds those who doubt the purchase of an apartment remotely – when buying an apartment under construction, the distance does not matter, because the client still relies on visualizations. “Real estate developers offer their clients ways to virtually view the new home: detailed visualizations of the new projects, apartment plans, layout plans and other materials are available both on the website and by e-mail. The 360′ tour has become almost a matter of course Various solutions are also available to customers who have already reserved an apartment and for whom it is time to choose the decoration, which can also be done remotely by looking at the digital catalogs,” says the chairman of the board of “Bonava Latvija”. See the full version of the article here .