Prices of farms that survived the Golden Age do not affect everyone: several areas stand out

Realizes the increased demand for farms

The global pandemic appears to have disrupted vacation plans for people abroad this year. However, such an extraordinary situation and the long time they spent at home during the quarantine forced the Lithuanians to return to their country and its advantages. Tourism representatives point to increased tourist flows on the coast, and real estate experts, in turn, increased demand for homes and gardens.

According to the Real Estate Transaction Statistics Analysis Center Log Center, May still lagged behind the long-term average in terms of the number of officially recorded real estate (RE) transactions, but signs of recovery were already Visible in certain categories of real estate objects. These are found in the categories of individual houses and houses of various sizes.

Looking at individual categories of real estate objects, one can see positive signs. The number of residential and land transactions is growing for the second consecutive month, in addition to a significant increase in the number of garden houses sold. In part, this may be a psychological effect of quarantine: People who have been quarantined for some time have simply yearned for freedom and are simply looking for opportunities to escape nature as summer approaches, and people Financially stable they decide to buy their own house or garden house. Unlike the market for individual homes or land, the apartment segment is still experiencing declining trends, ”said Paulius Rudzkis, data analyst at the Records Center.

According to data from the Registration Center, in May, a total of 8.9 thousand people registered across the country. various categories of real estate purchase and sale transactions. Compared to the monthly averages for the past few years, this is about a fifth less, but compared to April this year, that number is a fifth higher.

One of the most popular places is Aukštaitija

Representatives of the advertising portal Aruodas.lt also note the growing interest of Lithuanians on farms. According to the response sent by the portal, in May this year, visitors to Aruodas.lt were twice as active on farms as in the same period last year.

“Vilnius, Kaunas and Klaipeda districts remain the most popular regions. We registered the highest growth in the categories of the districts of Panevėžys, Molėtai, Alytus, here the activity grew ten times in May, compared to the same period last year. Interest in farms in the Trakai, Anykščiai and Šiauliai districts also grew significantly. We note the greater value of those farms that are sold on the coast, bordering the bodies of water, closer to Vilnius, Kaunas, Trakai ”, comments Aruodas.lt.

According to the real estate company Ober-Haus, there is a higher demand for housing in Aukštaitija, but according to Romualdas Paulauskas, head of the company’s Panevėžys office, it can be seen that the demand for housing has decreased in recent years.

“If we compare the current activity of the farm market with what happened a decade ago, the demand for farms has decreased in recent years, especially for expensive farms,” ​​says the interlocutor.

According to R. Paulauskas, the most active farm market was in 2007–2008. “So it is not only cheap, but also more luxurious, for example, 300-600 thousand. Farms worth of. Later, the family market collapsed, as after the economic downturn, many residents were very cautious when buying a second or third house, especially for recreation. Especially since banks often did not finance such purchases. Also, over time, low-cost airlines have emerged, with relatively cheap trips to various countries. Therefore, vacation opportunities broader have also had an impact on the small number of home acquisitions that require maintenance, protection and a greater investment of time, “says R. Paulauskas.

Currently, the interest in cheaper housing is higher than before the pandemic. “We believe this is due to the introduction of quarantine to isolate themselves in the wild and then have a lakeside farm. Buyers are primarily looking for good condition homes of up to 50-100 thousand. Eur: the most in demand farms suitable for living immediately, with lakeside, good access, neat neighborhood. There is also more interest in larger plots near the lakes, where it would be possible to build a rural tourism or a farmers farm. Some of these plots have not received attention during 3 years or even more, and now we are observing the interest of the buyers, ”says R. Paulauskas.

The most popular places in the Aukštaitija region are in the Aukštaitija National Park. These are farms with a lake shore near the great Lūšis, Dringis, Baluošas and other lakes. It is attractive that in the national park there are many lakes connected by streams, around picturesque places, mounds, good infrastructure (the park is maintained, investments in the environment, access roads, etc.). The advantage if the farm or plot is suitable for the construction of a farm (farmer or rural tourism) is a 0.5 ha plot, the lake shore, good access, close to few neighbors, nearby forest, places of interest.

“We note that old houses are being bought and maintained in towns near the lakes and the national park. Of these, mention should be made of Kirdeikiai (near Lake Pakas), Ginučiai (between Almajas and Srovinaitis lakes, which connect with each other and with other lakes in the park). It is an old house on small plots, even without the lake shore. However, such houses are much cheaper than houses with a lake shore. Also Vaišniūnai, Trainiškis and other villages located in the territory of the Aukštaitija National Park ”, comments the expert.

For the farm – up to 200 thousand. euros

Jolita Vilkė, a broker for Capital real estate agency, who works in Kaunas county, also says she notices keen interest not only in farms, but also in garden houses in garden communities, and higher prices. of the farms are in good places, near bodies of water. According to her, the farms with the lowest prices were sold during the quarantine.

“It just came to our attention then. People are not only looking for houses, but also garden houses in garden communities, parcels to be built. I would say even more in search of parcels than the farms already formed. And the main requirement for that parcel is Make it by a body of water, preferably by a lake or river, “says the real estate broker, adding that the farm segment is attracting more interest from Lithuanians living abroad.

According to J. Vilkė, looking at both the objects located in the garden communities and the farm segment, it can be seen that the prices here range between 3 thousand. up to 5 thousand. for a small plot in a garden community. A cabin in a garden community together with a small plot can cost between 7 and 10 thousand. euros and more, depending on the state of the house. The real estate broker says be aware that your clients, looking for a farm, don’t want to spend more than $ 200,000. euros

Real estate broker Jurgita Perstiniavičiūtė, who works in the Vilnius region, says buyers are looking for a second home: farms or small houses with land farther than a radius of up to 100 km from big cities.

“People themselves say they are tired of flirting in apartments during quarantine, they want to spend more time in nature, near the forest and ideally near a body of water.” I would like to spend the summer there, and even with the prospect of living in the future, “says the interlocutor.

According to her, the optimal price that people tend to pay is up to 50 thousand. EUR and more: “A great advantage when choosing a farm is the body of water, the nearby forest, where they can find peace, so people tend to pay up to 100,000. euros and more. “

According to the real estate broker, in the Trakai district, the prices of farms, located near bodies of water, reach up to 100,000. euros and more, depending on the state of the house.

“Beyond Vilnius, in the Varėna district, far from the forest, but without direct access to the body of water, it is possible to buy a farm of up to 50 thousand. “the interlocutor comments.

How much do farms cost in different regions?

Delfi Būstas analyzed the prices of homes for sale published on some real estate portals in different regions. There was interest on farms in Aukštaitija, Dzūkija, on the coast, around Šiauliai, Vilnius, Trakai and Kaunas.

After reviewing part of the ads, it was noted that in Vilnius County the property, consisting of a dilapidated log house and 11 a of land, can be purchased for 10,000. euros The announcement indicates that the farm is next to the pond, next to a forest, the access is paved. For 35 thousand. You can buy a house with a log house in good condition and a plot of 18.25 a. It is written that the farm is located in the vicinity of Kernavė. One of the most expensive houses near Vilnius: 350 thousand. euros It consists of a modern house, which can be lived at different times of the year, a plot of 125 a, the house is surrounded by forest. Vilnius is 20 km away.

Moving further from Vilnius to Trakai, you can see that one of the cheapest houses here costs almost 9 thousand. euros The house consists of a log house that needs repair and a plot of 9. It is true that there is no sewage, heating. Water – from a well. For 35 thousand. A farm with a log house, which does not need repair at least for the moment, and you can buy a plot of 11.6 a. There are already all the necessary communications, heating with solid fuel. One of the most expensive farms found in the Trakai district costs 850,000. euros It consists of a luxurious log house, a plot of 64.35 a. It is written that the farm is located 40 kilometers from the center of Vilnius, on the lake shore. It is true that the farm is in a complex of three houses, which also includes a common sauna, a guest house, a guard house.

There is also a large selection of farms of various sizes in Kaunas County. One of the cheapest houses, more precisely a garden house with a plot, costs 19 thousand. euros The offer consists of a log house in good condition and a plot of 6. This garden is in the garden community. A farm with a dilapidated log house, but even a 616 plot near Kaunas costs 53 thousand. euros The ad says that the farm is planted with fruit trees, has a silo farm and there is a pond nearby. One of the most expensive farms in the Kaunas district costs almost 160 thousand. euros It consists of a wooden house in very good condition, a plot of 63 a, a pond. Here are all the necessary communications: water, electricity, sewer, solid fuel heating. The farm has a sauna.

Residents are also looking for housing in the Šiauliai area. One of the cheapest houses here costs just over 14 thousand. euros It consists of a brick house that needs repair, a plot of 150 a. There are also farm buildings on the plot. It should be noted that the farm is located in a rural area, the plot borders on the neighbors. The farm is near the forest. For almost 35 thousand. You can buy a house located in a community of gardens. He owns a log house renovated just over a decade ago, on a plot of 80 BC. There is a shared garden pond nearby. One of the most expensive houses in the Šiauliai area costs 320 thousand. euros It consists of a luxurious brick house, a plot of 52 a. The farm has all the necessary communications, as well as a supplied pond and a nearby forest.

For some time, Lithuanians have been very interested in the farms in Aukštaitija, near the lakes. If you look at the ads, you can see that, for example, in the Zarasai area, one of the cheapest homes costs almost
6 thousand euros It consists of a log house in poor condition, a farm, a plot of 194. There is a pond nearby. For 18 thousand. In the Zarasai district it is possible to buy a farm on a single farm, consisting of a log house (condition is satisfactory), a plot of 500 BC. There are two lakes nearby, a forest. 155 thousand The farm, which owns a neat and well-maintained log house and a plot of 617.48 a, costs EUR. The ad says that the farm is on the shore of the lake, there is a sewer, a water well, geothermal heating.

After moving to Dzūkija, you can see that one of the cheapest houses here costs almost 10 thousand. euros It is located in the Varėna district, it consists of a log house in poor condition, a plot of 25 a. Farm near two other houses where people live permanently, near the forest. One of the most expensive houses in the Varėna district costs 220 thousand. euros Consists of a log house in very good condition, true, partially equipped, 768 a plot, pond supplied. There is a forest nearby, it is said that rural tourism activities can be carried out here.

The supply of farms on the coast is much less than in the previously reviewed regions. Looking at the ads, you can see that only a few real estate objects are for sale in Palanga. However, there are more offers around Klaipeda. One of the cheapest houses, more precisely, a garden house and a plot in a garden community near Klaipeda, costs almost 13 thousand. euros It has a brick house in good condition and a plot of 6 a. It is difficult to find a farm around Klaipeda that is not a rural tourism destination. However, one of the most expensive of these, which is intended only for individual needs, costs 200 thousand. euros The house consists of a brick house in very good condition, a plot of 950. The farm has a pond.

What determines farm prices?

It can be seen that in many places in Lithuania you can buy a garden house in a garden community or a dilapidated log house with a small plot at an affordable price, but looking at advertisements for better conditions or more luxurious houses, the Higher prices are found on the coast and lakes, as well as in Vilnius. It is true that there are exceptions, for example, a small farm with a cabin in satisfactory condition, but a larger plot can be more expensive, even if there is no body of water nearby. Why?

Arnoldas Antanavičius, the head of the Realdata Public Institution, a real estate analyst, explains that the prices of farms, as well as other real estate objects, depend on demand and supply.

“The market price is always determined by the balance of supply and demand. If real estate is more expensive somewhere, be it a first house or a farm, it is a purchase that someone might want to buy and someone could wanting to sell. If the house is more expensive somewhere, it is likely that, for some reason, the demand of those who want to buy said object is greater than in some place where those objects are cheaper, “says the real estate analyst.

The interviewee goes on to say that there may be exceptions. According to him, there is currently a lot of discussion in the Neringa region, where the demand for housing is high and prices are high.

“The opposite option applies here, that there are people who want it and the prices are quite high, because there is no offer and it is very difficult to create that offer due to all the restrictions, etc.” Again, it all depends on the balance of supply and demand. In Neringa’s case, it is not favorable to buyers, prices are one of the highest in Lithuania, “says A. Antanavičius.

According to the real estate analyst, it can also be the case that sellers improperly value their properties and sell at an excessive price. However, sooner or later, the price must be adjusted according to the general level of market prices. A. Antanavičius points out that the location, infrastructure, condition of buildings, and other things are always important to the price of a real estate object.

“If there is convenient access – added value, if the environment is orderly and the farm itself is orderly, not abandoned – these are the factors that increase the value. It is true that there is not much difference in the location of the farm if it is You can find the same quality object in several places. In this case, the price may vary depending on the environment, how easy it is to build a new house somewhere nearby, if you do not like the price level around the houses for sale “, explains the interlocutor.