During October. In Vilnius, the average apartment price increased by 1.2 percent. (20 euros / sq. M), in Kaunas – 0.9 percent. (11 euros / sq. M), in Klaipeda – 2.7 percent. (31 euros / sq. M), according to the company’s press release.
In Vilnius, in the central part of the city, in the Old Town, Naujamiestis, Žvėrynas, Užupis, old buildings apartment prices over the 10 months of this year, an increase of 22.3 percent. (483 euros / sq. M) to 2655 euros / sq. M. m. Over the month, prices in this area rose 1.7 percent. (44 euros / sq. M).
In the sleeping districts closer to the center, where mostly reinforced concrete apartment buildings of old construction, ie in Žirmūnai, Baltupiai, in the part of Antakalnis and Šnipiškės, the prices of old construction apartments have increased by 16.0 per cent. (236 euros / sq. M) to 1705 euros / sq. M. m. Over the month, the price increased by 0.2 percent. (4 euros / sq. M).
In the southern part of the capital, which includes Naujininkai and Vilkpėdė, the prices of apartments have risen by 9.1 percent in 10 months of this year. (132 euros / sq. M) to 1577 euros / sq. M. m. Over the month, the price increased by 0.1 percent. (1 euro / sq. M).
In the area of Soviet construction sleeping districts, which includes Lazdynai, Karoliniškės, Viršuliškės, Justiniškės, Šeškinė and Fabijoniškės in October. At the end of the year, the average price of old construction apartments was 1365 euros / sq.m. m and increased by 18.7 percent in 10 months. (215 euros / sq. M). Over the month, the price rose 1.8 percent. (24 euros / sq. M).
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In Pilaitė, during 10 months of this year, the average price of old construction apartments increased by 20.7 percent. (241 euros / sq. M) to 1403 euros / sq. M. m. Over the month, the price increased by 0.9 percent. (12 euros / sq. M).
In the northern part of the city, covering Tarandė, Perkūnkiemis, Bajorai, Visorių, Santariškės districts, apartment prices increased by 14.3% during 10 months of this year. (217 euros / sq. M) to 1736 euros / sq. M. m. Over the month, the price increased by 0.6 percent. (10 euros / sq. M).
In the center of Kaunas, in the Old Town, the average price of old construction apartments increased by 14.5 percent during 10 months of this year. (223 euros / sq. M) to 1755 euros / sq. M. m. Over the month, the price increased by 0.3 percent. (5 euros / sq. M).
In the northern part of Kaunas, which includes mostly multi-apartment buildings built in the Soviet era, the average price of old construction apartments increased by 22.9 per cent during the 10 months of this year. (214 euros / sq. M) to 1151 euros / sq. M. m. Over the month, the price increased by 1.2 percent. (14 euros / sq. M).
Kaunas
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In the western part of the city, covering Vilijampolė, Šilainius, the average price of apartments of old construction increased by 29.0% during 10 months of this year. (257 euros / sq. M) to 1142 euros / sq. M. m. Over the month, the price increased by 0.2 percent. (2 euros / sq. M).
In the center of Klaipeda, Old Town, the average price of apartments increased by 18.5 percent during 10 months of this year. (242 euros / sq. M) to 1546 euros / sq. M. m. Over the month, the price rose 1.4 percent. (21 euros / sq. M).
In the southern part of Klaipeda, located closer to the city center, the average price of apartments increased by 14.3 percent during 10 months of this year. (152 euros / sq. M) to 1214 euros / sq. M. m. Over the month, the price rose 2.4 percent. (28 euros / sq. M).
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In the southern districts of old construction, which are a little further from the center, the average price has increased by 19.6 percent since the beginning of this year. (171 euros / sq. M) to 1044 euros / sq. M. m. Over the month, the price rose 3.5 percent. (36 euros / sq. M).
In the northern part of Klaipėda, where there is much more new construction, apartments in the secondary market have risen in price by 12.1% in 10 months of this year. (185 euros / sq. M) to 1715 euros / sq. M. m. Over the month, the price increased by 0.9 percent. (15 euros / sq. M).
According to Viktoras Račkovskis, the director of 1Partner LT, the continuing growth of apartment prices in big cities is not very surprising, but the extremely rapid rise in prices in October in Klaipėda raises various questions. Perhaps this is a one-off price change and we will see a stabilization of prices in the coming months, but perhaps it is also some of the impact of the rising price of the coast. Currently in Klaipeda House is the cheapest in the entire coastal segment, so it is noticeable that the eyes of potential buyers or investors are increasingly turning to the port city market. For the time being, it is difficult to predict how housing prices will change in Klaipėda, but if the current rising trends in Palanga and Šventoji continue, it is very likely that Klaipėda will become more and more interesting for potential second home buyers.
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