Realco recorded 264 apartment sales last year with a quarter of them located in the coastal region

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 finalized const...

Realco is Set to Build the First Healthy Offices in Vilnius

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...

Realco’s Director J. Dovidonis: Gens Y and Z are Becoming the Most Active Property Buyers But They Are Hard to Please

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...

Vacation Home: Luxury or Necessity? How COVID-19 Pandemic is Affecting People’s Attitudes

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...