Lithuania, Real Estate

International Internet Magazine. Baltic States news & analytics Wednesday, 22.09.2021, 03:15

Lithuania's property sales drop 5 pct in 2015

BC, Vilnius, 07.01.2016.Print version
109,360 real estate units, including residential homes and commercial buildings and land, were sold in Lithuania last year, down 4.9 % from 115,000 in 2014, figures from the Center of Registers showed on Thursday, reported BNS/LETA.

"Although the year 2015 started on a quiet not, the market picked up speed in June and showed better results than in 2014 up to the end of the year. Thus, forecasts that buyers' euro-adoption-driven enthusiasm would dissipate in 2015 and would significantly slow the property market down did not prove true," the center said in a press release.

Apartments remained the most active segment of the residential property market, with 29,600 flats sold in 2015, down 8 % from 32,200 in 2014. Single-family house sales fell by 7.4 % to 9,225 last year, from 9,960 the previous year.

Some 14,000 non-residential buildings and premises changed owners last year. One-third of the commercial real estate was sold in Vilnius, where one-third of the country's business activity is concentrated.

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