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According to preliminary data from the Center of Registers, 520 apartment sales transactions were concluded in Klaipėda in the second quarter of 2011, which is 7 percent more than in the first quarter.
According to preliminary data from the Center of Registers, 520 apartment sales transactions were concluded in Klaipėda in the second quarter of 2011, i.e. 7 percent more than in the first quarter. Real estate developers sold almost 50 new-build apartments, i.e. 17 percent more than in the first quarter of this year..
In the second quarter of 2011, an average of 16 new apartments were purchased directly from real estate developers in Klaipėda per month. Sales remained the same as in the same period last year. Tomas Žiaugra, a market analyst at UAB “Eika”, estimates that in the second quarter of 2011, sales directly from real estate developers in Klaipėda were similar to those in Kaunas, where about 50 apartments were sold during the quarter. Compared to Vilnius, sales of new apartments in Klaipėda were almost 7 times lower.
Prices for new-build apartments in Klaipėda have hardly changed since the beginning of the year. Currently, the average price per square meter is about 4,300 litas. According to preliminary data from the Center of Registers, in the second quarter of this year, the most purchased new-build apartments in Klaipėda were those priced from 200 to 250 thousand litas, which accounted for 35 percent of all new-build apartments sold.
Market analyst T.Žiaugra estimates that the supply of new apartments in Klaipėda decreased by 7 percent during the quarter. Currently, the supply of new apartments consists of about 670 apartments, most of which are in completed buildings. “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. If we do get new projects in Klaipėda, they will most likely be small apartment buildings with compact and functionally designed apartments.” – says T. Žiaugra.
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]