15min upon request, the Center of Registers (RC) provided the largest transactions in the residential segment in 2021.
“Looking at the most expensive registered housing acquisitions in Lithuania over the last four years, it can be seen that the price curve of the most expensive housing sold is rising. And this is not at all surprising, as Lithuania has seen a rapid rise in real estate prices and an expanding choice of new exclusive housing. ” 15min Raimondas Reginis, Head of Market Research for the Baltic States, said Ober-Haus.
He singled out two objects
Vilnius Gate reigns in the top ten most expensive deals. It is probable that two apartments on Vilnius Antano Tumėno Street were sold in this object. 3.8 million was paid for them. euros.
The Vilnius Gate complex was opened in October 2007 and was built by Ranga IV Investicijos, led by businessman Laimutis Pinkevičius.
Luke April / 15min photo / Vilnius Gate
–
In the second place – an apartment in Vilnius, Subačiaus street, for which 2.75 mln. euros.
15min announced this transaction. In October, about 250 sq. M. m area apartment with parking spaces. Interestingly, the cost per square meter is 11 thousand. euros.
Lukas April / 15min photo / Residential complex “Missionary Gardens”
–
Ober-Haus then estimated that, in terms of both the total purchase price and the price per square meter of the apartment, the transaction ranks second among the most expensive apartments (apartments) sold for personal use in Lithuania in history.
In the third place is no less interesting case. The new owner paid 2.4 million for a house in Kaunas district. euros. This is the biggest deal of the year for an individual house.
Next to the Neris River in Kaunas district, Domeikava, located 419 sq. M. m area of †‹вЂ‹ the house and 160 acres of land, the initial price amounted to 2.85 mln. euros.
Baltic Sotheby’s International Realty / House in Kaunas district
–
Paulius Gebrauskas, co-owner of Baltic Sotheby’s International Realty, who sold the property, said that the owner of the property wanted about 3 million for the house. euros.
“It is interesting that once again it is possible to see what a good work of an architect does. The house is ideally suited to the existing landscape, the access may not be very exceptional, you drive through the garden communities, Kaunas district, but when you arrive you have a complete oasis of peace. <...> It was also a great work for me to discover – an timeless, timeless architecture does not reduce that value even after 8 years, but instead increases it, ”he said.
READ MORE: Another impressive deal of the year: a house in Kaunas district – for almost 2.5 million. euros
Transactions in several apartments should be considered more carefully
It is these two transactions that stand out, 15min claimed R. Reginis.
“The purchase price of these homes is exceptional not only in the context of 2021, but also in the context of the entire history of Lithuania. And most importantly, these objects are identified and this is housing for the personal use of the buyer. “From a formal point of view, homes have been sold at an even higher price, but after examining them, we would not be able to classify them as typical housing transactions,” he explained.
„Ober-Haus“ nuotr./Raimondas Reginis
–
According to R. Reginis, it is not uncommon for transactions to take place between related parties (a company sells real estate to another company), the actual acquisition is not the property itself, but the development potential. For example, an acquired building is demolished or substantially rebuilt and a new product is created for sale. Or, more than one property unit is acquired, for example, several or even a dozen apartments in the same apartment building are acquired in one transaction.
“Therefore, each transaction needs to be assessed very carefully and the circumstances of the transaction need to be known or guessed,” he said.
As an example, R. Reginis presents the first place boasting deal for 3.8 million. euros. These two apartments in the same Vilnius apartment building have already been sold separately more than once in 2016-2017.
“And the frequent registration of the purchase and sale of these apartments (both individually and in combination) already signals that these are probably not standard market transactions where the property is sold to unrelated parties and intended for the end user,” he explained.
According to R. Reginis, there are really many cases in the market when the buyer buys two or three apartments in one transaction in new construction projects, with the aim of later merging, renting or reselling them. It happens that the buyer buys one apartment for himself, another apartment for children or parents, and the third when planning to rent, and so on.
“And in a very active market, such transactions are only increasing, because there is no shortage of people who are willing and able to invest in real estate. Therefore, such transactions need to be assessed much more carefully and we would often not be able to classify them as the most expensive homes sold, ”he said.
Luke April / 15min photo / Vilnius Gate
–
Missionary Gardens dominate the top ten
Meanwhile, the remaining ten did not offer any big surprises and once again raised the king of luxury housing – the seaside. In the fourth place is the house purchased in Neringa for 2 million. euros.
The following ten shows the Missionary Gardens project, which was mentioned more than once in 2021. In fifth place were two apartments, for which 1.9 mln. in the sixth – four apartments, for which the same amount was not spared.
In the seventh position, a residential house on the capital’s A.Smetonos Street stands out, the transaction value of which is 1.8 million. euros.
In the eighth – an apartment for 1.8 mln. which is located on Aukštaičių Street in the capital.
In the ninth place, two apartments on Šiaulių Street, for which buyers paid 1.5 million. euros.
And the top ten is completed by an apartment in Vilnius, Subačiaus Street, probably in the “Mission House” complex, for which 1.3 million was paid. euros.
Lukas April / 15min photo / Residential complex “Missionary Gardens”
–
R. Reginis pointed out that most of the most expensive housing continues to be sold where the price level is the highest and the supply is the widest – in the Lithuanian capital.
“Neringa continues to line up, where transactions of impressive size are also registered. However, due to the extremely low supply in both the primary and secondary markets, there are not many of them. However, in 2022, the development of a large luxury project in Nida will be completed, in which a number of really large-scale transactions will be registered, ”he predicted.
2020 deal – apartment in “Missionary Gardens”
In 2020, an apartment in the prestigious multi-apartment block of the capital, Misionierių sodai, broke into the first place in the top ten most expensive real estate transactions. euros.
In previous years, the first place was occupied by individual houses. For example, in 2018, he topped the top of the TOP for 1.95 million. house for sale in Vilnius, Laurų street.
READ MORE: TOP 10 most expensive real estate transactions: the capital and Numavičiai house reign
In 2019, the sale of the villa of Ramūnas Karbauskis, the leader of the “peasants”, took the first place. According to the data of the Center of Registers, LTL 9.1 million was paid for a residential house with land plots in Kaišiadorys district. euros.
– .
