The real estate market in Latvia has begun to react to signals on stabilization of the economy. Last month the first time in a long period, banks have issued hundreds of mortgage loans, according Db.lv.
Bank of Israel issued new orders for commercial banks operating in the market of mortgage loans. According to the instructions governing the organization, designed to cool the property market and reduce the demand for apartments, banks, providing "mashkantu" do not have the right to issue clients with a loan of more than 60% of the purchase price.
In the mortgage market, the long-awaited thaw. The banking sector is gradually emerging from the crisis and proposes to obtain loans for housing in the new, more favorable terms. Mortgages becoming more accessible and therefore more popular among the population of banking services.