This post was automatically translated into English
According to preliminary data from the Center of Registers, over 450 apartment purchase transactions were registered in Klaipėda during the third quarter of 2010. About 50 new-build apartments were sold directly from real estate developers, which accounts for 11 percent of all sales transactions.
According to preliminary data from the Center of Registers, over 450 apartment purchase transactions were registered in Klaipėda during the third quarter of 2010. About 50 new-build apartments were sold directly from real estate developers, which accounts for 11 percent of all sales transactions..
Sales of new construction apartments in Klaipėda remained stable in the first three quarters of 2010 – about 50 apartments were sold directly from real estate developers each quarter. Comparing sales in the third quarter of this year with the same period last year, apartment sales did not change.
In Klaipėda, as in Vilnius, the most popular apartments remain economy class, the price of which varies from 2800 to 4200 LTL/sq m, and the total cost of the property does not exceed 250 thousand LTL. Sales of more expensive new construction apartments in Klaipėda are slow – only 1 or 2 apartments are purchased per month. Prices in this market segment vary from 5000 to 7000 LTL/sq m. During the third quarter of 2010, the average price per square meter of new construction apartments in Klaipėda decreased by about 2 percent, and since the beginning of this year – by 6 percent.
According to Tomas Žiaugra, a market analyst at UAB “Eika”, real estate developers in Klaipėda are currently offering almost 700 already built new apartments. Over the first nine months of 2010, the supply of new apartments in Klaipėda decreased by only 13 percent. It seems that no more new apartment buildings will be built in Klaipėda this year, but the abundance of building permits issued suggests that 2011 will be more active in the residential construction sector.
Market analyst T.Žiaugra notes that the apartments currently being sold were built in 2008, therefore they do not meet the needs of all potential buyers. “As much as 90 percent. of the old-construction apartments sold in Klaipėda this year do not exceed 200 thousand. LTL. and most are smaller than 50 sq.m. Meanwhile, the majority of the new-construction apartments on offer are over 50 sq.m. and cost more than 200 thousand LTL,” says T.Žiaugra.
About the Eika group of companies
Founded in 1992, the company “Eika” is one of the largest real estate development and construction groups in Lithuania. The group of companies consists of: UAB “Eika” – a leader in the real estate market, valued for its innovation, reliability and responsibility; UAB “Eikos statyba” – a construction company with extensive experience in the construction and renovation of administrative, public, commercial, industrial and residential buildings; UAB “Inžinerinės idėjos” – specialists in the design, installation and maintenance of engineering systems. The quality of the services of the group of companies is ensured by the implemented Quality standards ISO 9001:2000, Environmental standards ISO 14001:2004 and Occupational Health and Safety standard OHSAS18001:2007
More information:
Dom Dargis
Development Director
Phone: +370 5 2514 253
Fax: +370 5 2514 256
Email: [email protected]
old.eika.lt