News - 2020

Realco, which is set to construct a new Hero business centre,  has initiated its publicity procedure and presented project proposals. Next year will see the start of the construction of the first health-promoting offices in Lithuania to be built in the central business district of Vilnius. The project will involve the construction of a 15-storey business centre with a floor area of nearly 30,000 squ...

This year, the greatest activity in the new housing sector has been observed among the country’s youngest residents: nearly seven out of ten members of the Generations Y and Z are planning to purchase a new home. While real estate developers are happy to see a new generation of buyers entering the market, the different needs and behaviours shown by the youngest generations encourage developers to reconsi...

For some time, a vacation residence in a coastal or lakeside location were often regarded as a luxury by many Lithuanians. However, it seems that this opinion abruptly changed when the COVID-19 pandemic hit and travel restrictions were enforced. Seventeen percent of the residents who are planning to buy a new home or to move to a new one, consider purchasing a second/vacation home in a coastal resort tow...

While COVID-19 has left a mark on the country’s housing market, it was not as lasting as was expected in the early stages of the pandemic. After a period of slowed activity during spring months, housing demand has picked up in autumn. Interestingly, for more than one quarter (26%) of potential buyers, the pandemic and the changes it has brought upon society were the main motivating factors that encourage...