Housing prices have fallen by half in Lithuania

07.10.2010 16:02
Buy a home in the coming months plan to nearly 30,000 residents of Lithuania. This is 1,5 times more than a year ago. And now people are looking for housing to live in it, and not to cash in on its resale, reports IA Rosbalt citing Delfi.

According to the companies, leading portals for sale real estate, people are willing to pay the rent amount is two times less than last year.

By order of the bank Nordea Bank Lietuva survey was conducted, which showed that changed the reasons for which people are going to buy housing.

A year ago, people drew just shelter from the significantly lower prices. People could buy it for resale or rental. Now planning to buy housing those who are going to live in it himself.

"Now let's say, the results of surveys rather, say, a healthy, logical and reasonable. It would be nice to hope for such in the future, when most people will buy houses, because they do not have it, or because they want to improve living conditions" - said a spokesman for Nordea Bank Lietuva Jaunius Marinskas.

Nordea Bank Lietuva notes that in recent years most home buyers are trying as much as possible to themselves, and therefore decreases the average loan. He has one year fell by almost 50,000 litas (15,000 euros).

According to representatives of the portals, now the market is the revival: more and reports about the sale, and people who are interested in them.

"We fix ad growth and change, which shows that there is willing to sell. And yet, in fact, own prices in ads plummeted. 20-30%", - said representative of the company Diginet LT Victoria Steponavichyute.

Now often sell the old apartment. These ads in Vilnius enough. Portal aruodas.lt asked his visitors how much they are willing to pay for the desired apartment. Most people responded that the amount can be up to 150,000 litas (45,000 euros). A year ago, was called in twice that amount.
Content tags: Overseas property
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