https://www.baltictimes.com/addressing_affordable_and_sustainable_housing_in_latvia
We are pleased to highlight an insightful article from The Baltic Times, featuring comments from Arturs Miezis, Managing Partner of Hanseatic Alternative Investments, on the crucial issue of affordable and sustainable housing in Latvia.
Key Points Discussed:
Investment Needs
The article underscores the urgent need for increased investment in affordable housing. Current investment levels in Latvia have stagnated, creating significant gaps in both quality and affordability that must be addressed.
Formal Rental Market Development
Latvia’s formal rental market is underdeveloped, exacerbating housing affordability issues. Establishing a well-regulated and transparent rental market is essential for providing flexibility and security for residents.
Strategic Policy Reforms
Implementing strategic policy reforms is vital to support sustainable and affordable housing. Recent public policy actions and practical initiatives, including those by ALTUM, demonstrate a growing commitment to these reforms.
Addressing the “Missing Middle”
The article also highlights the challenges faced by the “missing middle” – individuals who are too rich to qualify for housing benefits but too poor to afford a mortgage. Innovative financing solutions and housing policies are needed to bridge this gap.
Recent Developments:
Recent announcements indicate that low-rent housing projects will begin in Bauska, Tukums, and Jelgava, in addition to Valmiera. These initiatives aim to provide affordable rental options and improve living standards for many residents.
Sustainable Investment Opportunity:
For those interested in sustainable investment opportunities, the Hanseatic Sustainable Residential Real Estate Fund is now open for subscriptions. This fund focuses on creating environmentally friendly and affordable housing solutions.
For further information on our sustainable investment opportunities, please explore our offerings or contact us directly.