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According to preliminary data from the Center of Registers, in the third quarter of 2011, 538 apartment sales transactions were concluded in Klaipėda, which is 4% more than in the second quarter and 11% more than in the same period last year.
According to preliminary data from the Center of Registers, in the third quarter of 2011, 538 apartment sales transactions were concluded in Klaipėda, which is 4% more than in the second quarter and 11% more than in the same period last year. Real estate developers sold just over 40 new apartments, which is 14% less than in the third quarter of 2010..
During the quarter, an average of 14 new apartments were purchased directly from real estate developers in Klaipėda per month. The decline in sales was mainly influenced by seasonality and buyers’ concerns about the instability of the euro and the tightening of bank financing conditions. According to Tomas Žiaugra, a market analyst at Eika, in the third quarter of 2011, sales directly from real estate developers in Klaipėda were one third lower than in Kaunas, where about 60 apartments were sold during the quarter. Compared to Vilnius, sales of new apartments in Klaipėda were as much as 6 times lower.
Prices for new-build apartments in Klaipėda have remained almost unchanged 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 apartments in Klaipėda were those priced from 200 to 250 thousand litas, which accounted for 47% of all new-build apartments sold.
According to market analyst T.Žiaugra, the supply of new apartments in Klaipėda increased by 3% during the quarter and currently amounts to about 690 apartments, most of which are in completed buildings. The analyst also notes that about 300 apartments have been built or are being built in Klaipėda, but have not yet been put up for sale. “Despite the large supply of new apartments, developers continue to build new apartment buildings – this quarter, the construction of two apartment buildings has begun in a project in the northern part of the city,” 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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More information:
Tomas Žiaugra
Project Manager
Phone: +370 5 2045 810
Fax: +370 5 2514 256
Email: [email protected]