Coronavirus Encourages People to Return to Farms Business



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According to data from the real estate advertising portal (RE) aruodas.lt, during the three quarters of this year, approximately 1.8 thousand. listings about homes for sale, or about 200 per month: 11 percent. more than last year, when there were 1.6 thousand of them during the same period. (about 180 per month).

Interest in farms has also increased: in nine months, nearly twice as many farm ads were seen on the portal as last year.

“This is related to the usual spring-summer seasonality, as well as previous moods: buyers’ interest in housing in nature, in the countryside, housing with its own yard. Residents were very interested. This year and they were looking to buy a house, ”said Viktorija Steponavičiūtė, portal director, at BNS.

Alvydas Boguševičius, founder and manager of the Namudė company, which sells farms and land intended for them, says that people have recently chosen more neat farms built near bodies of water, which cost between 200 and 400 thousand. euros. According to him, interest has increased in the past two years, but the pandemic has further boosted the deals.

Transactions started in 2019, because there were wet summers in 2017-2018, it rained a lot, then two-year customers “moved in” the following year, because when it rains, Turkey, Egypt is more often chosen. Now the coronavirus causes people to drive, to separate, to be individual, not in those boxes, ”Boguševičius told BNS.

According to him, interest in farms should grow even more in the spring, especially if unemployment increases. According to A.Boguševičius, today, the rich buy farms more often, but in the future the middle class, who buy the cheapest ones, 40-80 thousand, should think more about them. farms worth EUR.

Swedbank economist Nerijus Mačiulis believes that this year there has been a trend to invest, not only in property, but also in securities or other opportunities to spend money. According to him, the population has a record amount of savings, but the opportunities to spend them have diminished and there are fears of inflation.

“Not only do they have a record amount of liquid assets, deposits, growing income, and fewer opportunities to spend that money, but perhaps they are also afraid of inflation as we see central banks increasing the money supply at an unprecedented rate, governments borrow, they spend money, it is natural that in a few years we can see higher inflation ”, N. Mačiulis told BNS.

Photo by Swedbank / Nerijus Mačiulis

Photo by Swedbank / Nerijus Mačiulis

According to him, interest in farms has grown because many people can work remotely. Also, with the city closing its doors to a number of services or entertainment venues, some are considering a lifestyle change.

“When there are far fewer opportunities to go to a restaurant, concert, theater, other mass gathering places in the city, the desire and need to live in an apartment in the city center is much less. Many people are probably reconsidering their alternatives and considering that moving the second or even the first home away from the center is not only an investment, but also an opportunity to change their lifestyle a bit and have a place to live outside the center of the city. city, ”said N. Mačiulis.

According to Aruodas.lt, the most active ads about farms were placed by people from April to August this year, and their highest number was in June, around 50 percent. over a year ago.

The housing supply increased significantly in the Anykščiai, Ignalina, Rokiškis, Zarasai, Švenčionys districts, as well as in the Kupiškis, Radviliškis and Šilutė districts.

At that time, buyers were more interested in farms in Švenčionys and Anykščiai districts; here the interest more than doubled, in the Klaipėda and Trakai districts, it almost doubled, in the Vilnius, Panevėžys, Šiauliai and Alytus districts, by 50-60 percent.



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