If free funds were available, Latvian residents would most often choose to invest them in real estate, buying housing, land or forest property, according to a survey conducted by the bank “Citadele”. When choosing from several investment options, 63% of the population in Latvia, 78% in Estonia and 74% in Lithuania chose to invest in real estate, and this type of investment was by far the most popular in all the Baltic States.
28% of the population in Latvia, 32% in Estonia and 26% in 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%. The selected 28% to invest in gold and precious metals in Latvia, 36% in Estonia and 15% in Lithuania. Also, this type of investment in Latvia seems more sympathetic to men (34% vs. 23%).
27% in Latvia would choose to invest free funds to save for pension level 3. Similar thoughts are shared by 23% of respondents in Estonia, but only 7% in Lithuania. According to survey data, residents aged 30 to 39, as well as over 50, think most actively about investments in pension level 3.
Accumulating 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.
16% in Latvia, 22% in Estonia and 23% in Lithuania would like to invest free funds in various investment funds. Cryptocurrencies as a form of investment are attractive to 11% of respondents in Latvia, moreover, young people between the ages of 18 and 29 would choose this form of investment on average 2.5-3 times more often than other age groups. In Estonia, 10% of respondents would invest in cryptocurrencies, while in Lithuania – 8%.
7% in Latvia, 13% in Estonia and 8% in Lithuania were chosen 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% in Latvia, 7% in Estonia and 8% in Lithuania would invest in various valuables, such as watches or jewelry, the authors of the survey informed.
