A large part of the public is worried about the autumn – heating and electricity bills, which could increase, but it is not entirely clear to anyone to what extent the possible rise in food prices and other possible problems, but real estate companies are not mentioning a possible “pit” in the housing market. Interest in buying property is still high.
True, the echoes of Russia’s war in Ukraine are noticeable – there are housing developers who have put their plans on the shelf indefinitely, so the offer is likely to be narrower for some time, others have recalculated construction and other costs, and it becomes quite clear that the house or apartment that is being built will have to be paid for more than a few months ago, other entrepreneurs are taking the opportunity to buy plots of land where they can potentially expand housing construction in the future, or are actively looking for such.
In turn, global changes in the field of energy encourage buyers to take an interest in alternative energy sources, to exchange Soviet-era apartments for newer ones and vice versa – due to the cost, however, to consider such an option, as well as to buy land and build private houses. The cost of living has led some to lower their ambitions and reconsider their budget and property alternatives, Delfi Bizness concludes after attending a housing meeting organized by Swedbank, which took place again after a three-year hiatus.
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