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“The litmus test is the situation in the housing market. We see that the housing market reacted as it did during the first quarantine, the number of transactions and sales decreased significantly,” said Ž. Mauricas.
“But during the second quarantine, that fear practically disappeared and even in December a record number of new apartments were bought in Vilnius,” he added.
The economist noted that the number of single house and solar transactions last year was even higher than the previous year.
“Vilnius and Kaunas stand out especially in this context, where you can say that the crisis is not even being felt at all,” he said.
Ž. Maurice also noted that the amount of funds for the purchase of new homes increased last year.
“This is, again, a very unusual situation for a period of crisis,” said an economist at Luminor.
According to data from the Registry Center, 129,000 were purchased in Lithuania last year. real estate objects (RE) – 0.6 percent. less than in 2019. Last year the number of apartments decreased, but sales of plots and houses grew a little.
Real estate transactions declined significantly in April last year, when the country was under strict quarantine, but with the arrival of summer and the release of restrictions, the real estate market began to rebound.
As announced by the Records Center last week, activity in the real estate market was also felt earlier this year, in January, the number of completed and recorded purchase and sale transactions did not differ much from last year.
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