aA
Between January and September 2015, real estate developers sold 2,650 new apartments in Vilnius, 8 percent more compared with the same period last year. Supply in a year grew 26 percent, to 4,200 apartments.
Nauji
© Organizatorių nuotr.

Approximately 900 new apartment sales transactions were concluded in Vilnius in the third quarter of 2015, or 12 percent fewer compared with the second quarter of 2015, but 47 percent more compared to the third quarter of 2014.

In the third quarter of 2015, nearly half - 46 percent - of new apartments sold were economy apartments, 36 percent were mid-range, while luxury apartments accounted for 18 percent of all transactions. Although luxury apartment sales constituted the lowest market share, thr real estate company Eika estimates that their sales increased fourfold in the third quarter of 2015 compared with the same period of 2014, as 160 more luxury apartments were sold.

Since early 2015, the average price of newly built apartments increased 3.3 percent, to EUR 1,635 per square metre. The growth was mostly influenced by the change of economy and luxury apartment prices. The price of economy apartments in Vilnius increased by 2.8 percent in three quarters of 2015 and now stands at EUR 1,305 per square metre. The price of mid-range apartments has not changed since the beginning of the year and now amounts to EUR 1,690 per square metre. Meanwhile, the price of luxury apartments fell by 4.5 percent to EUR 2,480 per square metre.

One thousand newly built apartments were put on the market in the third quarter, although the supply in Vilnius increased merely by 3 percent, to 4,200 apartments. Buyers looking for economy housing were able to choose from 1,680 apartments. The supply was bigger in the mid-range segment and stood at 2,000 apartments. Whereas the choice of luxury apartments increased the most and buyers were able to chose from 520 of them.

Elta EN
It is forbidden to copy the text of this publication without a written permission from ELTA.
|Populiariausi straipsniai ir video

Lithuanian urban logistics platform raises €2.2M seed from Japanese backed VC

Ziticity , Lithuanian last-mile delivery service has closed a €2.2 million seed equity investment...

Some 70 flights to return to Lithuanian airports in July

As European countries are gradually resuming air transport, some 70 flights are scheduled to return to...

Loan signed to finance planned gas interconnection between Poland and Lithuania

The European Investment Bank (EIB) has signed a €65 million loan agreement with Lithuanian gas...

Seimas brings low-alcohol drinks to beaches (2)

The Seimas of Lithuania has backed a proposal of a group of lawmakers to ease the sale of low- alcohol...

Coffee Address to acquire Estonian vending and coffee service company

Coffee Address Holding, a vending and coffee service company in the Baltics operating under the...

Top news

Twelve suspects and convicts brought by military plane from UK

Twelve suspects and convicts whose extradition had to be postponed due to the coronavirus pandemic...

Lithuania hands over to Russia regarding serious environmental violations in Baltic Sea

On 3 July, the Ministry of Foreign Affairs of Lithuania handed over a verbal note to the Embassy of...

LGBT community calls on president to show solidarity and wear rainbow badge

Representatives of Lithuania’s lesbian, gay, bisexual and transgender ( LGBT ) community and their...

3 new coronavirus cases

On Thursday, 3 new coronavirus cases were recorded in Lithuania. Overall, 1828 COVID-19 cases have...

First ladies discuss challenges brought by COVID-19 pandemic

Lithuania’s First Lady Diana Nausediene and Elke Budenbender, spouse of Germany’s president,...

|Maža didelių žinių kaina