Lithuania.Buyers of the ground areas catch benefit.



Buyers of the ground areas catch benefit.

Written by Natalija Stagiene, real estate agent, Vilnius, Lithuania

Because of shortage of money people sell out an available property, for example, the ground areas. For half of price offered sites even in crisis at once find new owners who use a fine opportunity to invest in property not losing demand in tempting places. It is the citation from the Lithuanian newspaper "Lietuvos zinios".

On September, 30th, 2009 Self-management of the Vilnius area has approved the general territorial plan of the Vilnius regional self-management. It is of great importance to the market of the ground areas around of Vilnius. The price of these ground areas has risen. There is a legal clearness for proprietors - what purpose of their ground.
All year the quantity of offers on sale of the ground increased and demand has not changed. Especially demand for the ground falls down every autumn. Therefore the prices for the ground areas for 9 months 2009 have fallen to 25 - 30 %. Now the prices were stabilized also falling of the prices for a month no more than 1 %. Today the average price of the ground area in the city of Vilnius - 5200 EUR for 1 are, in the Vilnius area - 2100 EUR for 1 are, in the city of Kaunas - 3800 EUR for 1 are, in the Kaunas area - 1600 EUR for 1 are, in the city of Klaipëda - 4400 EUR for 1 are, in the Klaipeda area - 2000 EUR for 1 are.
According to Registration cent of Lithuania for 9 months in the country 24 003 transactions of sale and purchase of the ground areas are registered. For 9 months in the past to year have been registered - 37 245 transactions.

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