This post was automatically translated into English
In 2012, only 140 new apartments were sold in the primary housing market in Kaunas, which is 37% less than in the previous year. According to preliminary data from the Center of Registers, almost 2,800 housing transactions were concluded, 4% more than in 2011.
In 2012, only 140 new apartments were sold in the primary housing market in Kaunas, which is 37% less than in the previous year. According to preliminary data from the Center of Registers, almost 2,800 housing transactions were concluded, 4% more than in 2011.
According to the data of the Center of Registers, spacious apartments with an area of over 100 square meters remained the most popular in Kaunas in 2012, accounting for 28% of all new apartment sales. In old-built houses, apartments with an area of up to 40 square meters were the most popular, accounting for over 38% of apartment sales transactions.
“The specifics of the Kaunas housing market determine the low popularity of new apartments. On the contrary – more and more financially capable Kaunas residents are choosing their own house or cottage,” – explains D. Dargis about the subtleties of the market. In Kaunas, the average price of new apartments decreased by 2% in 2012, reaching 3780 litas per square meter. The real supply of new construction apartments did not change in 2012 and currently amounts to about 330 apartments. More than 500 apartments are in suspended projects. During the year, only 2 new projects, totaling about 90 apartments, were added to the Kaunas market.
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]