Lithuania
Residential market
Real estate market report 2013
Recent developments Description
Price (sqm)
Completion
Konarskio Apartments – Local developer Vilbra has finished a 9-storey apartment building in the Naujamiestis district on S. Konarskio Street. One to four room apartments range from 36 to 110 sqm. Construction of 90 apartments and commercial premises was completed in Q2 2012. Sales prices of the available apartments without fit-out are from €1,500 to €1,900 per sqm. Over 90% of the apartments have been sold or reserved.
€1,500 - €1,900
Q2 2012
Ozo Park (3B block) – In the territory of Ozo Park, near Siemens Arena and Vichy Aquapark, Realco finished another one residential building with 117 apartments in the end of 2012. Almost 40% of the apartments are sold by the start of 2013. Sales price of the available apartments without fit-out are from €1,200 to €1,450 per sqm. Price for one parking space – €5,800.
€1,200 - €1,450
Q4 2012
Veikme Apartments – In the Q2 2012 local company Veikme has completed construction of 89 prestigious apartments on M. K. Ciurlionio Street, near the city centre and Vingis park. The use of energy-efficient building technologies and an experience of construction of passive houses are applied to this project. Apartments from 38 to 102 sqm with some commercial premises are offered in this 4-9 storey building. The total area of the project - 14,200 sqm. Sales prices of the available apartments without fit-out are from €2,100 to €2,850 per sqm. Almost 90% of the apartments have been sold or reserved in the start of 2013.
€2,100 - €2,850
Q2 2012
Pavasaris – After successful completion of six 6-9 storey residential blocks in Jonazoliu Street, next to the Lazdynai hospital during 2007-2010, the new residential block (K8) was finished in the end of 2012 with 150 new apartments. Sales prices of the available apartments in last built block (K-6) without fit-out are from €1,100 to €1,250 per sqm..
€1,100 - €1,250
Q4 2012
Valakampiu Vingis – In the end of 2012 local developer has finished a 6-storey building in the Antakalnio district (Valakampiai), O. Milasiaus Street. The building comprises 60 apartments with sizes from 31 to 127 sqm. The apartments are sized from 39 to 70 sqm. Over 50% of the apartments have been sold or reserved. The sales price of the available apartments without fit-out are from €1,350 to €1,650 per sqm.
€1,350 - €1,650
Q4 2012
Eitminu Street – In the end of 2012 local company Anreka has finished another residential building with 108 apartments on Eitminu Street, in the Pasilaiciai district. 1-3 rooms apartments range from 30 to 75 sqm. Sales price of the available apartments without fit-out are from €925 to €1,200 per sqm. Over 95% of the apartments have been sold.
€925 - €1,200
Q4 2012
Lvovo Street – In the mid-2012 construction and development company Statybu Gausa has finished its residential project in the new city center on Lvovo Street. The 7-storey residential building comprises 41 apart¬ments with sizes from 44 to 83 sqm. Selling prices without fit-out range from €1,500 to €1,550 per sqm. 60% of the apartments have been sold.
€1,500 - €1,550
Q2 2011
Antakalnis’ Terraces – Local developer MG Valda is converting the 5 ha Lithuanian Film Studios territory in Antakalnis district into modern residential quarter. The first stage of eight residential blocks with 189 apartments was completed in Q3 2012. One to five room apartments range from 40 to 130 sqm, which will have balconies or individual terraces. In the start of 2013 95% of the apartments were sold. Sales prices of the available apartments without fit-out are from €1,300 to €1,700 per sqm.
€1,300 - €1,700
Q3 2012
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