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In the first quarter of 2011, real estate developers in Klaipėda sold about 40 new apartments, which is 20 percent less than in the first quarter of 2010.
In the first quarter of 2011, real estate developers in Klaipėda sold about 40 new apartments, which is 20 percent less than in the first quarter of 2010. According to preliminary data from the Center of Registers, 470 sales transactions were concluded in Klaipėda in the first quarter of 2011, which is 5 percent more than a year ago.
In the first quarter of 2011, an average of 14 apartments were purchased directly from real estate developers in Klaipėda per month, which is 34 percent less than in the last months of 2010. Tomas Žiaugra, a market analyst at UAB “Eika”, estimates that in the first quarter of 2011, sales directly from real estate developers in Klaipėda were 8 times lower than in Vilnius and almost twice as low as in Kaunas.
Prices for new-build apartments in Klaipėda decreased by 1 percent in the first quarter, and by about 4 percent in the year, and now the average price is 4,350 litas per square meter. According to preliminary data from the Center of Registers, in the first quarter of this year, the most purchased apartments in Klaipėda were new-build apartments costing from 200 to 250 thousand litas. The most popular old-build apartments at the beginning of this year cost up to 100 thousand litas.
Market analyst T.Žiaugra calculates that the supply of new construction apartments in Klaipėda decreased by 13 percent during the quarter and currently amounts to about 700 apartments, most of which are in completed houses. “As many as 460 designed apartments are in suspended projects and it is unlikely that these apartments will replenish the market in the near future,” says T.Žiaugra. Currently, the largest supply of new construction apartments by population is in Klaipėda, with 4 new construction apartments per thousand residents. In Vilnius, there are 3 new construction apartments per this number of residents, and in Kaunas – just 1 apartment.
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
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Dom Dargis
Development Director
Phone: +370 5 2514 253
Fax: +370 5 2514 256
Email: [email protected]