Lithuania, Real Estate
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Thursday, 25.04.2024, 01:31
Situation in the real estate market in Lithuania has remained stable throughout the entire 2012
BC, Vilnius, 15.01.2013.
Print version
Print versionManager of Ober-Haus Valuation Department Saulius Vagonis says that despite the light fall in housing prices in Lithuania the situation in the real estate market has remained stable throughout the entire 2012, informs LETA/ELTA.
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"Recorded negative price changes are rather symbolic therefore such correction did not have significant impact on the overall market state, "says Vagonis.
Apartment prices in Vilnius decreased by 0.1% in December 2012 and average price dropped to 1,185 EUR/sqm. A negative annual change in apartment prices increased to 1.4% in December 2012 (1.3% decrease was recorded in November 2012).
Despite decreasing prices in Vilnius last year, number of sales-purchase transactions of apartments increased by 7% in 2012 (6,758 deals in total).
In December of 2012, the largest price decline was recorded in Panevezys City. It went down by 0.7%.
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