This post was automatically translated into English
In 2015, the Eika group of companies sold 384 new apartments in Vilnius. Compared to 2014, the company’s sales of new apartments increased by as much as 37 percent.
In 2015, the Eika group of companies sold 384 new apartments in Vilnius. Compared to 2014, the company’s sales of new apartments increased by as much as 37 percent.
“I would name the main reason for successful sales as the wide variety of different projects. We were the only ones on the market who could offer as many as eight projects in Vilnius to those looking for housing. Our new project management service for external developers also proved to be successful. We successfully implemented the “Švitrigailos namai” and “Tiltos 12″ projects, which helped us offer a wider variety of apartments in the medium and prestigious housing categories,” says Martynas Žibūda, Development Director of “Eika”.
“2015 was a record year for both our company and the Vilnius real estate market. Experts’ forecasts regarding declining sales after the introduction of the euro or a drop in prices due to intense competition did not come true. Last year, buyers boldly chose housing and had more favorable options than ever. Buying housing was also encouraged by extremely low base loan interest rates, and those buying with their own funds chose real estate as a more profitable alternative to low deposit interest rates. If in 2013 banks credited as much as 69 percent of the apartments we sold, then, for example, last year only 46 percent of buyers used a bank loan to purchase housing. This indicates a fairly strong financial position of home buyers, which, we hope, will remain this year as well,” says the development director of “Eika”.
Last year, as in previous years, the most popular project was the Eika company’s project in Pilaitė, where 146 new apartments were sold. The Santariškių namai project, which has been developed near Verkiai Park since 2005, sold 74 apartments and cottages last year. Third place went to the company’s new project in Naujamiestis, Švitrigailos namai, where 61 apartments were sold.
In 2015, the Eika group of companies invested 12.5 million euros in real estate development in Vilnius and added 450 new apartments to the supply, which is 50 percent more than in 2014. This year, Eika plans to add 350 new apartments to the supply in Vilnius. In 2016, the company will continue the development of residential quarters in Pilaitė and Bajorai, as well as complete the Santariškių namai project and launch new residential projects in Žirmūnai and Šnipiškės.
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, successfully developing residential, commercial, public and other purpose building projects, creating a new quality of life and work. The company has already built more than 3,000 apartments and 270 thousand square meters of buildings. “Eika” has been awarded many times as the best real estate developer in Lithuania, the company’s projects “Santariškių namai” and “EIKA namai Pilaitė” have become the best in Lithuania.
More information:
Vitalija Roče
Marketing and Communications Manager
Marketing and Communications Manager
Phone: +370 5 2553 324
Fax: +370 5 2514 256
Email: [email protected]