Lithuania, Real Estate
International Internet Magazine. Baltic States news & analytics
Wednesday, 22.05.2013, 23:49
Steady prices forecasted in Lithuania's real estate in 2013
BC, Vilnius, 14.01.2013.
Print version
Print versionMarket analysis of 2012 carried out by the Centre of Registers showed that in 2012 the number of sold real estate property increased reaching pre-crisis levels of 2004, reports LETA/ELTA.
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In 2012 the growth of real estate market was slower than in the previous year. Prices in housing market were hinting to steady and plain future rather than the increase.
According to the Registers Centre, the growth of real estate market was mainly fuelled by active trade in land. It always makes around half of the real estate transactions. Last year it reached new heights, nearly 56% of all real estate sales were sales of land.
Preliminary data shows that in 2012 around 101,000 of real estate objects were transferred in Lithuania, 10% more year-on-year.
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