Swedbank: The average loan amount for the purchase of an apartment in the new project is 86 000 Euros – Sectors – Financenet



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According to Bank data, the average amount of loans issued increases every year. The average amount of loans for the purchase of an apartment in a new project – 86,000 euros – is 16% higher than that of 2015.

The average loan amount for standard projects is 48,000 euros and 30% higher than 2015.

The average loan amount for the purchase or construction of private homes is 105,000 euros and 24% higher than in 2015.

] Similarly, Swedbank data show that interest in acquiring new projects in Riga is increasing lately. Although residents still buy standard apartments (75%), the demand for apartments in new projects increases, 14% of residents buying an apartment in a new house and 11% in the secondary market in the center buildings Riga, as well as in new buildings.

Last year, the purchase of 14 apartments was held in Riga, Vilnius-19 and Tallinn-23. Similarly, the apartments in Riga are about 15-40% lower than in neighboring capitals.

According to the data of the bank, at the current stage of development there are 1,500 apartments in new projects, ie half of the corresponding period of last year. The "economy clbad apartments" with the price up to 1600 euros per square meter are the most developed, but some activity is also observed in the so-called business clbad segment, the price per square meter varies from 1600 to 2500 euros per square meter. Teika, where there are 454 new apartments under construction, followed by 264 new apartments in Purvciems, 180 in Torņakalns and 112 in Plavnieki

The business clbad segment remains stable, the prices of these apartments vary from 1600 euros to 2500 euros per square meter. 17% of this segment deals with apartments in new projects.

At the construction stage, there are currently about 700 business clbad apartments. At present, most apartments in this segment are under development in Skanstes district – 231 apartments, in Agenskalns – 147 apartments, in Mezaparks – 93 and in the center 211 apartments.

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