This post was automatically translated into English
In 2014, the Eika group of companies sold 185 new apartments in Vilnius and signed 105 preliminary housing sales contracts.
In 2014, the Eika group of companies sold 185 new apartments in Vilnius and signed 105 preliminary housing sales contracts.Compared to 2013, the company’s sales of new apartments increased by 27%.
“Last year, not only did the number of notarial contracts grow, but we signed almost twice as many preliminary contracts, and we added more than 300 new apartments to our offer – 50% more than in 2013,” says Domas Dargis, CEO of Eika.
In 2014, the company “Eika” sold the most apartments in Pilaitė. During the year, 176 new construction apartments were sold, i.e. 76% more than in 2013. Last year, functionally designed, small 1-room apartments were the most popular in Pilaitė. In 2014, the average area of an apartment sold in Pilaitė was 47 square meters, i.e. one square meter less than in 2013. In the project “Santariškės namai” being developed near Verkiai Park, sales increased by 63% compared to 2013 – 114 apartments and cottages were sold. In 2014, 2-room apartments with spacious balconies and terraces were the most popular in Santariškės. The average area of an apartment sold was 63 square meters, or 10% less than in 2013.
“We can call 2014 the year of investors, because the number of buyers who bought new apartments with their own funds, without borrowing from a bank, has increased significantly. In 2013, banks provided credit for as many as 69% of the apartments we sold, the most in five years, and last year only 38% of buyers used a bank loan to purchase housing,” calculates the CEO of “Eika”.
In 2015, the Eika group of companies plans to invest 43 million litas in the development of real estate in Vilnius. The company will continue the development of residential quarters in Pilaitė and Santariškės, and new residential projects are also planned in Jeruzalė and Bajorai. In 2015, Eika will increase the supply in Vilnius by more than 20% and will offer as many as 360 new apartments to those looking for housing.
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.
More information:
Vitalija Roče
Marketing and Communications Manager
Marketing and Communications Manager
Phone: +370 5 2553 324
Fax: +370 5 2514 256
Email: [email protected]