In response to growing interest from Baltic customers in evaluating real estate across neighbouring countries, the three leading real estate companies: “Inreal” (Lithuania), “UUS MAA” (Estonia), and “Latio” (Latvia) have signed a cooperation agreement. The goal is to streamline property evaluation and accelerate the purchasing process across these countries.

The pace of transactions has slowed down noticeably in August due to the holidays. There is also no rush on the sellers' side, with owners adding new listings to the market less frequently. As Latio Real Estate agents have observed, the Euribor factor is playing a less and less important role among home buyers. As people have adapted to the market situation, they have also accepted property prices and are more realistic about the mortgage options available to them - especially for amounts up to EUR 100 000. At the same time, buyers continue to take thoughtful pauses before deciding to buy - especially those considering new projects. Traditionally, August also sets the rental market in motion as students look for accommodation for the new academic year, and this year has been no exception.
 

The housing market in the capital has been stagnant for eight consecutive years, with 59% of transactions occurring without a mortgage. In contrast, the market in western Latvia is becoming increasingly active, as highlighted by the latest "Home Buyer Confidence Index". In Liepaja, prices for apartments in the secondary market of new developments have dropped by 12%, leading to a surge in transactions. There is significant interest in purchasing homes in the City of Winds, including from Lithuanians, who often prioritize price when buying older properties, despite the abundance of new developments in nearby Klaipeda. Will Liepaja meet the growing demand for high-quality housing, and how are its southern neighbours addressing their real estate market challenges?