Not a joke – twice the same quarter in big cities, and Kaunas blooms and Kaunas

« Customers’ activity in the Vilnius market is gradually settle and we should see it in the near future. At this point, the market, when evaluating the supply -demand ratio, is sustainable enough, but in order to keep prices more suddenly, supply should be fulfilled, » said Eglė Savis, head of the Citus analysis department.

According to her, in the three months of this year, completing the supply with new projects was twice as faster as last year (average 699 Vs. 324 per month), but the current range would take 9.5 months at current sales speed and about 20 percent. that forms a non -elimination supply – only 7.7 months. Currently, the « warehouse » of new dwellings in Vilnius consists of 5,711 apartments and cottages – 1.5 percent. less than in February, 7 percent. more than the beginning of the year and 18 percent. more than a year ago. He added 427 pieces a month.

Meanwhile, according to Citus, the price of apartments in the average supply in the capital reached 3,652 EUR/sq. M. m and grew by 2.76 % per month, 5.18 % in a quarter, and within 12 months. – 8.01 percent.

« We see that market power scales in Vilnius are gradually turning to the sellers again. This demand is sufficiently comfortable for them and prices per month in some projects increase by 3-5 % in existing circumstances, which is a sufficiently organic growth that does not cause significant changes in affordability, but Savostis said.

Spruce Savost. Photo by Citus

The prices of apartments in the average supply in Kaunas increased by 1.66 % to EUR 2,872 (Fixed March -0.35 % correction), and over the years, they increased by 8.38 % in the same year.

Meanwhile, demand was significantly higher than usual: March was characterized by as many as 176 transactions, and a quarter of them already made 429 to 122 percent. more than in the previous quarter and 81 percent. More than a quarter of a year ago, the statistics observed by Citus analysts show.

« Such a result is uncommon. 2023-2024, just once a year, demand in the temporary capital crossed 100 transactions per month. an expert.

« Munes by Citus ». Photo by Citus

However, she observes that a disadvantage of supply in Kaunas remains in Kaunas: it contracted by 8.5 % per month, although it grew by 9.5 % in a quarter and by as much as 26 % per year. However, the current range of new housing is currently 7.5 months, and about 20 percent of the current sales speed would be sufficient. Illuminated supply – for just half a year.

« It is good that the Kaunas market is currently quite shallow and the sellers are reluctant to take a significant increase in prices. However, new housing is not in a hurry – there were 62 (509 in this year).

In Klaipeda, the results continue to wave, although the activity is higher in the port city this year. In March, 48 preliminary acquisitions of new dwellings (apartments, lofts and cottages) were made in the original home market, and 148: 96 percent in a quarter. more than the previous Quast. and even 5 times (517 %) more than 2024. The first quarter.

« We only recorded better results in 2021 – the first and last quarters. And if we were to measure average speed, the average of the first three months of this year is significantly outperforming the monthly sales speed of 2022-2024, which amounted to 23-28 transactions per month and a little by 2021 (43 transactions/month). It has grown, ”noted the head of the Citus analysis department.

Real estate project « Mūstos by Citus ». Photo by Citus

In the new supply, the month last month in Klaipeda was again empty, so the total assortment decreased by 8.6 % in March, but in a quarter, the excessive refill in February remains 4.3 percent. taller than at the beginning of the year. Currently, Klaipeda residents can choose from 511 dwellings – similar as a year ago (514).

However, such supply, according to Savost,, although small, is in demand in a better situation than in the other two cities: this supply would be sufficient for almost 10.5 months, and 8.3 months, after considering the ill -alien supply, would be sufficient.

The expert emphasizes that the price changes in Klaipeda is currently confusing to trace, as the supplementation of the supplement to two very expensive projects in February has swollen.

« If we estimate the average supply price average, it currently amounts to EUR 3,108/sq. M. And, although statistically per month, it was from EUR 3 261/sq. M. Self.