Last year, one of the
largest real estate development companies in Lithuania, Realco, reported the
greatest number of its apartment sales in the country’s capital as usual.
However, a high level of buyer activity was also observed in Šventoji. A total
of 264 new apartments from the company’s portfolio found their new owners.
The stock of new
apartments got smaller
Last year, Realco
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
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