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Primary housing sales increase in Vilnius
Primary housing sales increase in Vilnius
July 15, 2010Over the first half of 2010, transactions with new apartments in Lithuanian capital have skyrocketed by 47% compared to the same period last year.
Average transaction prices have also increased - by 2% in economy-class segment (€800-1300 per a sq. m), by 3% in the medium price segment (€1300-1800 per a sq. m), while climbing up by 1% in the premium-class segment (from €1800 per a sq. m.).
The number of apartments offered on the Vilnius primary market has plunged by 33%, The Baltic Course says with reference to the Register Center.
It is noted that the share of primary apartments in Vilnius works out 27% of the total number of transactions, whereas in other major cities of Lithuania - Kaunas and Klaipeda - only 3% and 6%, respectively.
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