Inexpensive apartments offered to newcomers in Pilaitė

According to Viktorija Venclovaitė, Head of the Commercial Projects Department at UAB “Eika”, due to the economic situation in which people can no longer afford the housing they want – their income is decreasing or losing, they are postponing purchases for the future – real estate developers have had to lower prices, and banks have offered more favorable housing credit terms for the projects they are developing.

“The reduced purchasing power of buyers has dictated a decrease in prices. We believe that the promotion in the Pilate apartment block will provide new residents with the opportunity to purchase the desired high-quality and reliable housing at a very good price. Since new projects are currently no longer being developed, those wishing to purchase housing will no longer have a large selection of such attractive and functional apartments by the end of the year,” the specialist predicts.

Banks are also becoming more flexible in the matter of purchasing housing. For those wishing to purchase apartments in Pilaitė, Eika’s partner SEB bankas has made a special offer on the interest margin. The bank offers not only a favorable interest rate, but also a reduction in the risk of insolvency. Every client purchasing housing in projects developed by UAB Eika can take out credit payment insurance, which ensures that in the event of involuntary unemployment or temporary incapacity for work, the client will be paid the loan repayment installment and interest for up to two years during the insurance period.

“We strive to ensure that customers purchase housing on the most favorable terms possible, without fearing either the credit burden or insolvency,” says V. Venclovaitė.

According to the specialist, today those who purchase housing with a loan on good terms are the winners. “With the decrease in housing prices, the loan payment is of a similar size to the rent for an apartment. Therefore, in many cases, it is more profitable to purchase real estate – by paying a loan, the purchase is postponed, and after a while the housing goes to the buyer, unlike when renting, “when you get nothing,” – she says.

New apartments in Pilaitė have so far been among the most sought-after in Vilnius. This district is particularly appreciated for its natural surroundings – the settlement is surrounded by forests, there are three lakes, a stream flows here, and there are great places for walks with the family. Pilaitė has a well-developed infrastructure: there are two schools, two kindergartens, and shopping centers “Pupa” and “Rimi”. Convenient transportation – just 10 minutes by car to the city center. Newcomers also appreciate the friendly, community-oriented neighborhood of Pilaitė residents, who are creating their own district traditions.

About the Eika group of companies:

Founded in 1992, the company “Eika” is currently 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” – a company for the design, installation and maintenance of engineering systems. The quality of the services of the group of companies is ensured by the implemented quality and environmental standards ISO 9001:2000 and ISO 14001:2004.

More information will be provided to you by:

Phone: +370 5 2553 324

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Email: [email protected]