The first tour was highly acknowledged by its participants as it was possible to visit several new housing developments, compare them, and get a general understanding of the homes, construction quality and use peculiarities thereof.
“The tour participants revealed that the event helped them to learn such aspects of new homes and ask such questions that they would not, probably, even think of during an individual visit. We, the estate agents, play a kind of interpreters’ role between home buyers and the developers during such tours as we build a mutually awarding dialogue. The tour participants highly appreciated the opportunity of getting detailed information about each of the projects from Latio specialists as this information has been collected through in-depth research and close cooperation with the developers,” accents Evija Segleniece, Development Project Sales Manager at Latio.
The developers, too, are happy about such tours as they may take the advantage of addressing audience of interested and motivated prospective buyers and demonstrating their project to them. E.Segleniece reveals that several developers wishing that their projects would be included in the next tours have turned to Latio already.
“Though officially it is reported that solvency of people has not improved much, growing interest of local buyers in new homes has become increasingly more pronounced this year. This trend is confirmed by well-attended Open House events held for several new housing developments by Latio in the beginning of this year as well as the large number of participants having registered for the new housing tours around Riga. It is significant that a great part of prospective new home buyers are new families – they accounted for nearly a half among the first tour participants,” tells E.Segleniece.
To introduce with the apartments in new housing projects currently supplied on the market, Latio arranges group tours on July 9th, July 10th, July 16th and July 17th, thus offering interested persons an opportunity of visiting several new housing developments in Riga, on both sides of the Daugava River. Tour participants can walk through the new dwellings and get free advice on purchase of an appropriate home and other real estate related questions from Latio estate agents. A specialist from Swedbank is present during the tours, so consultations on mortgage loan possibilities are provided as well.
The tours include the following new developments on the right bank of the Daugava River: Albatros Residence, Midtown Apartments, Ezerparka nami, Jaunā Teika, Biķerziedi, and the following new developments on the left bank of the Daugava River: Alīses iela 5, Dammes liepas, Solitūdes parks, Panorama Plaza, River Park.
In Riga, price growth for new apartments has become moderate as compared to several recent years. The most insignificant growth of average prices has been observed for new housing in the Old Town where the property prices have caught up the pre-crisis rates. Due to economic considerations, local buyers prefer unfinished apartments in new developments, states the latest market report of Latio.