October 9, 2012. Vilnius. In accordance with data of Inreal real
estate analysts, B and C energy efficiency class apartment houses
dominate in new construction housing market. C energy efficiency class
apartments are mostly offered in Vilnius, B energy efficiency class
apartments are mostly offered in Kaunas and Klaipėda. Usually B energy
efficiency class apartments are bought in all largest cities. So far,
there has been no single A energy efficiency class apartment house built
in Lithuania. Inreal analysts forecast further increase in the demand
of higher energy efficiency class housing, because average prices of B
class apartments are higher only by up to 5 percent as compared with C
class, while heating costs are less approximately by one third.
“Analysing
the projects of new construction apartment houses in Vilnius, Kaunas
and Klaipėda, it has been noticed that C energy efficiency class
apartments are mostly offered in Vilnius, while in Kaunas and Klaipėda B
energy efficiency class apartments prevail”, says Arnoldas
Antanavičius, the Head of Consultation and Analysis Department of JSC
Inreal valdymas (
Inreal Management). According to him, the main reason
of differences is the fact that the majority of project being
implemented in Vilnius are economic class projects, where in order to
reduce the costs, investments to energy efficiency of buildings are
being refused. “Currently, more than three quarters of economic class
buildings in Vilnius have minimum C energy efficiency class”.
Regardless
of different trends of supply in the largest cities of Lithuania,
according to Arnoldas Antanavičius, the trends of supply are similar.
The analysis of average volumes of transactions within the last 6 months
shows that usually B energy efficiency class apartments are bought in
all largest cities. Difference between average projects of B and C
energy efficiency class for sale is 40-50 percent, while in Kaunas and
Klaipėda – 2-3 times, however the attention should be paid to the fact,
that, generally, the amount of transactions on new construction
apartments made in the latter cities is very small.
Inreal
analysts forecast further increase in the demand of higher energy
efficiency class housing, because average prices of B class apartments
are higher only by up to 5 percent as compared with C class, while
heating costs are less approximately by one third.
Inreal estimates that
higher price of B class apartment pays off in about 15 years, and
furthermore it is a more attractive property of higher quality in the
market.
Currently, under the legislation in force C class is the
minimal requirement for new buildings, and A – the maximal. So far,
there have been no A energy efficiency class apartment houses built in
the largest cities of Lithuania. In accordance with the Directives of
the European Union, from 2021 all new projects will have to be of not
less than A energy efficiency class.
ABOUT INREAL GROUP
Inreal
Group, which consists of JSC "Inreal Valdymas" (Inreal Management), JSC
"Inreal", JSC "Inreal Pastatų Priežiūra" (Inreal Building Maintenance)
(related to companies, administering apartment houses) and JSC "Inreal
GEO", provides the widest spectrum of services in Lithuania, related to
real estate and building maintenance services. Companies of Inreal group
belong to SC Invalda. More than 200 employees are currently working in
Inreal group, the value of managed assets – about 400 million LTL,
mediations in lease or sale of 550 thousand sq. m. of commercial
premises and 1150 apartments, the value of asset, evaluated per year, is
reaching 2 milliard Litas, and the area, administered by companies of
building maintenance sector - 1 million sq. m. Company offices or
representations are operating in Vilnius, Kaunas, Klaipėda, Šiauliai,
Mažeikiai, Alytus, Plungė and Šilalė.
More information:Rūta Merčaitienė
INREAL GROUP Marketing and Communications Manager
Cell phone no. +370 611 29 779
E-mail
ruta.mercaitiene@inreal.lt