primary real estate (RE) market continues to slow down in the fourth quarter of
this year. According to Realco’s data, 311 housing units were sold on the
capital’s primary market in November, which is 46% less than this year’s
average of 580 dwellings per month. However, a cooling market does not mean
good news for buyers – there are no signs of falling prices of housing so far.
Realco, real estate (RE) developer, which has joined
the Green Wave initiated by the municipality of the Vilnius city, draws
attention to the inexorably growing importance of greenery in the development
of new RE projects, and announces that it will continue to strengthen its
position in the creation and maintenance of green spaces in the city.
“The capital’s talk of becoming a greener city
This year’s spectacular sales surge in the real estate
(RE) market is heating up not only the passions of RE developers and buyers,
but also a debate among economists on where the booming market will lead and
how it will turn out. Julius Dovidonis, CEO of Realco, a real estate developer
which is having a very successful year, believes that the lessons of the 2008
financial crisis have been learnt, but ra...
The Vilnius primary real estate (RE) market, which
started to slow down in the third quarter of the year, continues to see a
downturn, although construction sites are intense, according to Realco. RE
developers are rushing to implement over 30 residential projects that have
filled the capital’s skyline with construction cranes.
Historically, the end of the year used to be a busy
time for RE developers...