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Pašilaičiai, Naujamiestis, Pilaitė, Fabijoniškės, Senamiestis – which of these Vilnius districts is the easiest to find housing?
Pašilaičiai, Naujamiestis, Pilaitė, Fabijoniškės, Senamiestis – which of these districts of Vilnius is the easiest to find housing? Real estate specialists advise that those dreaming of a new apartment would have an easier time finding it if they looked in districts further from the center, while those planning to buy an older one should look in the center and the Old Town.
According to Evaldas Narbuntovičius, project manager of the real estate ad portal Domoplius.lt, it is currently easiest to find an old-built apartment in Vilnius’ Old Town and the nearby Naujamiestis district. “There are currently 353 apartments in Naujamiestis waiting for new residents, and 277 in the Old Town that are older than 2 years. The supply of such apartments in districts further from the center is even four times smaller. For example, in Fabijoniškės – 78, Pilaitė – 61, Šeškinė – just 22,” compares E. Narbuntovičius.
Domas Dargis, the development director of the company “Eika”, notes that the greatest demand for new housing is felt in the central part of the city – Žvėrynes and the Old Town. “In these districts, new projects are implemented very quickly, as potential buyers monitor the supply of new apartments and react quickly. The rapid development of real estate projects in Žvėrynes is hindered by a very small selection of plots, and in the Old Town – by architectural, cultural heritage and other restrictions”, – says D. Dargis. The supply of new apartments in the center of Vilnius is extremely small: 53 new apartments are for sale in the Old Town, 26 in Užupis, and only 14 in Žvėrynes.
Domoplius.lt project manager E. Narbuntovčius notes that Pašilaičiai stands out among all the districts of Vilnius in terms of apartment supply. This district, compared to others, has the largest supply of both new and older apartments. Currently, there are as many as 273 new-build and 181 old-build apartments for sale here.
The development director of “Eika” notes that Vilnius is expanding to the North and Northwest – this side of the capital is experiencing the most intensive construction of new houses. 296 new apartments are already waiting for their owners in Pašilaičiai, 201 in Bajorai, and 185 in Pilaitė.
The prices of new and older apartments are also unevenly distributed across the capital’s districts. The largest price difference between new and old apartments is in the Old Town. According to Domoplius.lt data, the average price of an old 2-room apartment for sale in the Old Town currently reaches 399 thousand litas, while a new apartment costs about 527 thousand litas.
As E. Narbuntovičius notes, the price difference decreases in districts further from the center. For example, the smallest difference in Vilnius between the prices of new and older apartments is in Fabijoniškės. The price difference for a 2-room apartment is only about 9 thousand litas. The average price of a new apartment in this district is 205 thousand litas., and an old one – 196 thousand litas.
About Domoplius.lt
According to GemiusTraffic, the real estate listing portal Domoplius.lt has an average of more than 264 thousand visitors per month. Currently, the portal has more than 89 thousand real estate properties for sale for 28.5 billion litas.
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.
More information:
Evaldas Narbuntovic
Domoplius.lt project manager
Mobile phone +370 682 54 351
Email: [email protected]
Dom Dargis
Eika Development Director
Phone: +370 5 2514 253
Fax +370 5 2514 256
Email: [email protected]