INFLUENCE OF MORTGAGE LENDING TO THE REAL ESTATE’S INSURANCE MARKET IN LATVIA
INFLUENCE OF MORTGAGE LENDING TO THE REAL ESTATE’S INSURANCE MARKET IN LATVIA

Author(s): Jānis Zvanītājs, Didzis Ādmīdiņš
Subject(s): Business Economy / Management, Financial Markets
Published by: Masarykova univerzita nakladatelství
Keywords: Insurance of the real estate; giving credits; real estate market in Latvia; bank influence to insurance market;
Summary/Abstract: This article describes the impact of crediting and banks to the real estate insurance market in Latvia. It also describes the main developments of the last decade in the real estate market in Latvia. Stimulated by the rapid growth of mortgage lending market the real estate market developed very fast and resulted in a rapid growth of prices, which turned in to a price drop in 2007. In separate real estate market segments the price drop reached more than 70%.

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