Changeover to the euro in Lithuania will not lead to a spike in housing prices

07.02.2014 00:45
Articles about real estate | Changeover to the euro in Lithuania will not lead to a spike in housing prices Despite the fact that after the introduction of the euro in Estonia property prices rose for several years, in Lithuania is unlikely to happen. How to find realtors, thanks to an improving economic situation, the cost of housing can actually increase, but the balance of the reserve facilities and market demand will prevent a big jump in prices. According to Arvydas Avulis , director of Hanner, Lithuanian real estate market has been very active in January 2014 , however , it has no effect on housing prices . Value of the property depends on the ratio of the housing stock to the demand and supply of housing in the real estate market big - two thousand apartments for sale. It is reported portal The Baltic Course.

Hanner only company plans to sell in 2014 , 500 new apartments. According to Mr. Avulis , buyers have plenty to choose from , so an objective reason for the increase in house prices is not.

"Of course, anything can happen , can sometimes trigger psychological factors . The more people will talk about that after the introduction of the euro , housing prices rise , the greater the likelihood of unexpected manifestations of the market "- said the expert.

According to Saulius Vagonis specialist company Ober-Haus, after the introduction of the euro in Lithuania 's economy will grow faster . If this happens, the rates are likely to increase, however, this level of increase is difficult to predict. Mr. Vagonis believes that housing prices in Vilnius may increase by at least 5 %.
www.zagorodna.com/en

Content tags: Overseas property
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