Where will the apartment be most profitable – in a new project or in a serial house? – Houses – Apartments for Rent


PHOTO: Bonava / advertising photo

The apartment is not a one-day purchase. In the long run, your future value is also essential.

Life is unpredictable and there may be a time when the apartment will have to be sold, for example, to buy a larger one or move to another city. It is precisely the value of the future that is one of the most important factors that banks evaluate when deciding on the terms of credit and loan.

The value of each apartment is determined separately, taking into account different parameters. However, at a time when Latvia is experiencing steady economic growth, according to several financial experts, the increase in future value for apartments in new projects is estimated at about 5% per year, while for apartments in standard projects is slightly more modest – around 3% per year.

"It should be noted, however, that such a future value of property can only be counted today – in a stable, moderately uplifting economy, and provided there is no market emergency.It is no secret that many homes of series, like balconies, are in an emergency.The first accident that will happen with an unrefurbished and uninhabited Soviet apartment building will crush the entire housing market at the moment, and then the future value of Soviet projects would be possible with a minus sign, "explains Kaspars Eksa.

Today, banks are more willing to lend to those properties that are more liquid and will be easier to carry out in the secondary market. In that sense, the result is good for the apartment in the new project.

Modern society is increasingly beginning to think not only of satisfying the need for elemental comfort in their own home, but also in the sustainability of their home. Normunds Dūcis, Swedbank's head of mortgage lending in Latvia, points out that if acquired housing is to be a long-term family home, it will be very important after 5 to 10 years or more. Will the energy resources provided be used efficiently and the building environmentally friendly? In addition, this issue will become more and more current on the part of the regulator, which means that sooner or later we will have to think of each of us to increase the efficiency of our own home. Why not do it now?

However, it is a good idea to refute the myth that they are not worth renovating because of the lifetime of the panels. Kaspars Eksa says: "In fact, the life span of any home is as long as the materials used in building the building. A good comparison would be with a car.

If you never change oil and filters, it will not be maintained and maintained, the car will last for a much shorter period of time than the owner takes care of. So the problem is not the annual number of Soviet buildings.

They have never been well maintained and are now pumps with time burners.

Insecurity is exacerbated by the many uncoordinated constructions of standard houses where apartment owners are individually exposed, for example, in the construction of balconies. A similar approach is used when converting plans or dump load bearing walls, and only a few of these changes are coordinated by the construction panel. These risks are hardly present in new projects.

However, when buying an apartment in a new project, it is worthwhile to imagine how experienced the developer and the builder are, what materials and technical solutions are used in the construction and how efficient and efficient the project is or meets the criteria of quality of the buyer.

While buying a property can be based on purely mathematical calculations, people choose their home emotionally. I would like to live here? There is a question asked by all real estate buyers.

By the end of 2018, the Bonava Latvia and SKDS study reveals that warmth (91% of respondents) is the most important factor in choosing a residence, but functionality (88%) and minimalism (85%) are also important criteria of selection.

Infrastructure also plays an important role: reaching the center easily and, if necessary, leaving the city with ease. 77% of respondents thought it important to be close to the city's public life when choosing a place to live. At the same time, people want to live farther from the center and closer to nature (68%). These are all criteria that affect a decision in favor of one or another real estate offer.


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