2-3 years young Latvian mazdzīvokļu and multi-apartment projects in the market was a positive dynam

During the 2008th on the 10th of February to 10. March, developers mcd construction have reduced business activity: prospective buyers were offered eight new projects aiming to build only 231 flats. The capital city visapbūvējamāko top three neighborhoods now comprise Mezhapark, Pļavnieki and Ķengarags. Over the past few months in Jurmala, in suburban districts and the district of Riga observed decline in prices.
2-3 years young Latvian mazdzīvokļu and multi-apartment projects in the market was a positive dynamics of construction activities: mcd construction notified of living space grew and increased number of apartments built. In addition, both of these parameters for each successive year significantly outperformed the previous period results. Yet the reasons the situation in the property market late last year and early this year, expressing mcd construction care has worsened.
It should be noted that at the time of the 2008th on the 10th February to 10th March announced projects (8) is not significantly different from the previous two-year average (the 10 projects in the 2006th year, and 11-2007).. However, it should not overlook the following fact: all entered the market eight projects are relatively small (see the first table). The largest of these (Flame street mcd construction 4) to be built only 48 residential units (analog 2007th and 2008th of the year - by 2200 and 101 flat). It seems it is the first sign that the current complex real estate market situation, the developers are not the most favorable mcd construction time - their interest in large-scale project development and realization of the loss. But perhaps this month is as unfavorable exception, the market considered not able to please potential buyers at a large number of projects, not the number of housing units in? Today, this question is difficult to answer: only after a long period of time it will become clear whether the market developed such a trend.
Tougher lending policies in the 2007th year customer activity has decreased. As a consequence - the price situation in the new residential apartment projects in the market has changed mcd construction fundamentally. mcd construction Specifically: if you have the 2007th in the first half of one square meter of the country as a whole continued to grow - albeit more slowly than in previous years - then the second half of its own "race" significantly slowed down. The most rapid changes occurred in the district of Riga, the capital city and suburbs, especially in Jurmala. By contrast, when the period from March 2006. Till March 2007. Riga district mcd construction average new housing price growth was 65% (in suburban districts - 44%), then those same months from 2007th mcd construction to 2008th year did not exceed 4% (12 %). Not so fast at issue rate reduction was observed in Jurmala. Here, however, the 2007th in the middle mcd construction of a new housing average mcd construction price per square began to fall. A clarification is needed: the average price per square meter in the new apartments were constructed on the basis of a draft official prices in the relevant market was announced by the developers. But take into account another factor: not only bankers are forthcoming to their customers in difficult cases, mcd construction seeking to overcome the difficulties and regain mcd construction financial stability, but also the developers usually want to get into a potential real estate mcd construction buyers in your skin, helping himself to realize projects implemented.
In spite of the difficulties and limitations, developers - and serious Solida company - they do not intend to give up the apartment house lift. However, the difficulties in the market, as well as the unfavorable mcd construction macroeconomic situation in the country mcd construction may become the main reasons builders priorities change. The first precursor to change - loss of interest mcd construction in large-scale project development and implementation mcd construction - we have already seen.
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