More than half of Latvia’s residents would like to invest in real estate!

Real estate has been and remains the most popular asset for investments. According to a survey conducted by CitadeleBank, 57% of the country’s residents are willing to invest their free funds in real estate. However, a year ago, 63% of respondents chose this option. In neighboring Lithuania and Estonia, the proportion of people who prefer investing in real estate is currently 61% and 64%, whereas a year ago, these figures were 74% and 78%, respectively.

According to the survey data, the most active and diverse investors are young people aged 18 to 29: 39% of them believe that investing in company stocks and bonds is the right choice, while 16% are willing to invest their free funds in funds and cryptocurrencies. In turn, older people aged 60 to 74 are significantly more likely to choose conservative investment options: 48% prefer to invest in real estate, 24% in precious metals, and only 5% in cryptocurrencies.

Overall, 21% of respondents in Latvia are ready to invest their free funds in company stocks and bonds, 16% in the third pension level, and the same percentage in the purchase of gold and precious metals.