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Real estate developer: there is growth for economic-class apartments

KBO real estate property developer has sold 60% of its apartments over the course of four months – since the commissioning of the second apartment building. As for the first apartment building, 80% of its apartments have been sold. Each of the buildings has 108 apartments with areas from 30 to 71 m2, as reported by representatives.

The company reports that in 70% of cases residents used funding acquired from banks and personal savings in 30% of cases.
 

Interest is the highest for three-bedroom apartments with a total area of 71 m2. Monthly maintenance costs for such apartments are around EUR 120. Apartments of this kind are most often bough by families with an average of two children. Buyers are usually around 37 years old, KBO reveals.
 

«We see that residents pay attention to maintenance costs when purchasing an apartment. Residents do not want to overpay for too much space. This is why they usually prefer to pick appropriately-sized apartments. Young professionals and seniors prefer S and M size apartments with a total area of up to 46 m2. Young families prefer slightly larger apartments,» notes KBO representative Sanita Zērvena.

BNN

26-10-2017
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