This post was automatically translated into English
According to preliminary data from the Center of Registers, in the second quarter of 2012, about 700 apartments were sold in Kaunas, or 6% more than in the first quarter of this year.
According to preliminary data from the Center of Registers, in the second quarter of 2012, about 700 apartments were sold in Kaunas, or 6% more than in the first quarter of this year. In Klaipėda, about 500 housing sales transactions were concluded in the same period, which is almost the same as in the previous quarter of this year..
About 70 new apartments were purchased directly from real estate developers in Klaipėda during the second quarter of 2012, which is 29% more than in the second quarter of last year. In Kaunas, sales of new apartments remained unchanged in the second quarter – only 30 new apartments were sold. Compared to the second quarter of last year, new apartments were purchased in Kaunas by as much as 50% less.
According to preliminary data from the Registers Centre, in the second quarter of 2012, the most purchased new apartments in Klaipėda were 45-55 sq m. m. in area, which accounted for almost half of sales transactions. Unlike in Klaipėda, in Kaunas, traditionally the most popular new apartments are over 100 sq m. m. in area, which accounted for about a third of sales. According to Tomas Žiaugra, a market analyst at UAB “Eika”, the majority of these transactions are cottages located on the outskirts of the city, which Kaunas residents, unlike residents of other major Lithuanian cities, prefer.
Over the year, the average price of new apartments in Klaipėda decreased by 2% to 4,280 litas per square meter. “There have been no significant changes in the price of new apartments on the market since the end of 2010. Developers of new projects are trying to compete not on housing prices, but by offering buyers more compact and functionally designed apartments,” says market analyst T. Žiaugra. In Kaunas, the average price of a new apartment per square meter has remained almost unchanged since the beginning of the year and currently stands at 3,910 litas.
According to the calculations of the Eika market analyst, in Klaipėda, the supply of new apartments increased by 11% in the last quarter and currently amounts to about 700 apartments. The supply was supplemented by about 70 new apartments in two projects. Meanwhile, in Kaunas, the supply of new construction apartments decreased by 5% in the second quarter of this year and currently amounts to 300 apartments. In the second quarter of this year, there were no new multi-apartment projects in Kaunas.
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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More information:
Tomas Žiaugra
Project Manager
Phone: +370 5 2045 810
Fax: +370 5 2514 256
Email: [email protected]