If free funds were available, 63% of Latvian residents would choose to invest them in real estate, buying housing, land or forest property, according to the survey data conducted by the bank “Citadele” in cooperation with the research agency “Norstat”.
When choosing from several investment options, 63% of the population of Latvia, 78% of Estonia and 74% of Lithuania would choose to invest in real estate, moreover, this type of investment was by far the most popular in all Baltic countries.
28% of the population of Latvia, 32% of Estonia and 26% of Lithuania would like to invest their free funds in company shares and bonds. In Latvia, men would choose this type of investment more often than women – 33% versus 24%. 28% of the population of Latvia, 36% of Estonia and 15% of Lithuania chose to invest in gold and precious metals. Also, this type of investment in Latvia seems more sympathetic to men – 34% versus 23%.
The survey found that 27% of the population of Latvia would choose to invest their free funds for savings in the third level of pensions. Similar thoughts are shared by 23% of respondents in Estonia, but only 7% in Lithuania. According to survey data, residents aged 30 to 39 and over 50 years of age think most actively about investments in the third level of pension.
Meanwhile, accumulative life insurance as a type of investment is mentioned much more often in Latvia (21%) than in Estonia (7%) or Lithuania (12%). This type of investment would be more often chosen by women, as well as by residents aged between 40 and 49 years.
7% of the population of Latvia, 13% of Estonia and 8% of Lithuania chose to invest in works of art and paintings. This type of investment is more likely to appeal to residents aged 50 to 59. On the other hand, 6% of the population of Latvia, 7% of Estonia and 8% of Lithuania would invest in various valuables, such as watches or jewelry.
A representative survey of citizens’ money investing habits was conducted in April by “Citadele” bank together with “Norstat” research agency, by online surveying of more than 3,000 residents of the Baltic countries aged between 18 and 74.
