Apartments in this northern Lithuanian city are sold in just a few days, just not everyone buys them



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“The houses are selling very fast. I cannot say that there is no supply, because there are really many offers, just when there is so much demand, and only after placing the ad, the apartment is bought in a few days, it gives the impression that we don’t offer anything, ”says A. Šišytė.

The most demanded – apartments

Throughout the year, house prices have increased between 20 and 30%. In the Šiauliai apartment segment, the most popular are homes repaired with household appliances. A one-room apartment, depending on the city district, the age and condition of the building, currently costs between 26,000 and 40,000 euros, 2-bedroom apartments between 35,000 and 60,000 euros, 3-bedroom apartments between 45,000 and 80,000 euros. The prices of old houses of old construction range between 70,000 and 13,000 euros.

New housing development in Šiauliai – on the outskirts

Supply shortages could be covered by new multi-apartment projects, but they are very rare in Šiauliai. It is true that several individual cabins and houses are being built. They germinate both in various city districts (Medelynas, Šimšė, Lieporių, Gytariai) and in the suburbs of Šiauliai (Aukštelkė village, Dainų village, Gegužiai village, Vijoliai village).

Popular houses up to 80 m2. m in landscaped areas, because in this case no project is required. The prices of these houses with partial finishes range between 1000 and 1300 euros per square kilometer. subway.

The highest demand in the new housing segment is for individual houses, especially if they are in a good location with developed infrastructure and communications. There is also a demand for housing plots, but finding a suitable, good location with communications is not easy.

There may be an excess supply in the rental sector

Unlike sales, there were no significant changes in the rental of the Šiauliai residential sector. You can rent a one-bedroom apartment for 150-300 euros, a 2-bedroom apartment for 180-500 euros.

The most popular for rent: 1-2-room apartments. In the future, an oversupply is likely to form, because many people in Šiauliai buy a house as an investment and promise to rent it in the future.

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