"Latvians are building smaller houses" – this is the title of an interview with banking credit specialist Kaspars Saucais in Latvijas Avīze.
According to him, if in 2021 the average area of a private cottage built under mortgage conditions was 145 sq. m, then in 2025 it is expected to be 132 sq. m.
"We are observing quite typical trends — one large living room, large windows, and a terrace facing south, with small bedrooms, about ten square meters in size. It is possible that the parents' bedroom is made a bit larger and has a separate bathroom.
In a modern private house, there are most often two bathrooms, heating with a heat pump, and there is no garage; instead, there is a canopy that can simultaneously serve for placement and storage of items.
The terrace along with the canopy often reaches even 50 square meters, and there can also be combined, unheated storage spaces that compensate for the smaller area of the interior rooms."
K. Saucais also notes the "flourishing of wooden frame house construction." The reason for this is the "forecasted costs and relatively quick construction process."
"Everything is manufactured in the factory according to certain standards, and the installation is carried out by representatives of the factory, making supervision of the process less and less relevant." According to the expert's estimate, initially, mortgage clients contribute 15-20%.
