According to data from the real estate development company EIKA Development, 1,117 new apartments were offered to the market in January alone, more than in the entire first quarter of last year, which led to sales unseen since the spring of 2021 – a total of 682 apartments were sold in Vilnius in January.
According to EIKA Development, 682 apartments were sold in Vilnius in January this year, compared to 251 at the same time last year, so sales have increased almost threefold. Of the apartments sold in January this year, 199 were pre-sales, and the remaining 483 were transactions concluded this year.
The most popular in January were middle-class apartments, with 376 sold, compared to 129 in January 2024. Sales of economy-class apartments also more than doubled in January this year: 289 were sold in the first month of this year, compared to 124 in the same period last year.
17 luxury apartments were sold in January this year, the same as in December last year. Last January, this indicator was negative, -2, which indicated that there were more canceled reservations than sold apartments, but later sales of luxury apartments recovered, and in September as many as 36 apartments of this class were sold.
EIKA Development sold 32 apartments in January of this year, compared to 25 in the same period last year, a growth of 28 percent.
The supply of new apartments in Vilnius is starting the year with an impressive jump. In January 2025, 1,117 new apartments were offered to the market, while, for comparison, last year, during the entire first three months of the year, the new supply reached almost the same amount, 1,115 apartments.
In total, in January 2025, there was a supply of 4,412 apartments in Vilnius, compared to 3,582 in January 2024, so the supply increased by 23.2 percent over the year.
EIKA Development offered 349 new apartments to the market in 2024, and plans to offer at least 450 more apartments this year.
“We welcomed January of this year with a completely different mood than last year. If back then there was still a lot of anxiety about whether we would be able to move out of the market stagnation, later we observed a consistent recovery throughout the year. Now we see activity from both sellers and buyers, which will likely mean stronger competition among real estate developers, but at the same time more choices for those looking for housing. In turn, we are also doing everything we can to have something to offer all buyers according to their different needs,” said Tomas Žiaugra, Development Director at EIKA Development.