In February 2025, sales of new apartments in the Vilnius new housing market were twice as high as in the same period last year. In February, sales in the market did not reach the result recorded in January, which was unusually high due to a significant amount of pre-sales collected. The number of apartments sold in the projects of the real estate development company EIKA Development remained almost unchanged in January and February.
According to EIKA Development, 481 apartments were sold in Vilnius in February this year, compared to 240 at the same time last year. 694 apartments were sold in January, which means that more than a third of the apartments sold in the first two months of the year have already been sold, compared to the total number of apartments sold in all of 2024, when total sales reached 3,162.
In February 2025, economy class apartments were the most popular, with 262 sold, compared to 114 in the same month last year, so sales growth in this class reached almost 130 percent. In January, 299 apartments in this class were sold.
In the middle class, 207 apartments were sold in February 2025, compared to 116 at the same time last year. This class also recorded a decrease compared to January, when 377 apartments were sold. In the prestigious class, 12 apartments were sold in February this year, compared to 10 a year ago and 18 in January this year.
In 2025, 523 new apartments were offered to the market, compared to 1,117 in January, but in February last year, the new supply reached 416, so the growth reached almost 26 percent. In total, in February 2025, the supply of apartments in the Vilnius market reached 4,524 apartments, compared to 3,759 in the same month last year.
EIKA Development’s sales remained stable: in February 2025, it sold 35 apartments, compared to 37 in the same period last year, and 36 in January this year.
“The beginning of 2025 is much more active in the housing market – if January sales were significantly influenced by accumulated pre-sales in individual projects, which made it difficult to assess the overall trend, then the sales volume recorded in February, which was twice as high as last year, indicates that customers are returning to the market and it seems that the unrealized housing demand that has been accumulating for the last 2-3 years will turn into transactions this year,” said Tomas Žiaugra, Development Director at EIKA Development.