In his letter to Saeima Speaker Ingrida Aboltiņa announcing his decision to sign the controversial bill into law, the former banker himself joined in warnings from his former colleagues in the financial sector to heed what the experts have been saying and pay close attention to how the law will play out in practice.
The President expressed concern that the real estate sector would remain at a virtual standstill in rural regions and provincial towns, while homebuilding and repair work would remain beyond reach for most families.
