The 2021 H1 Lithuanian Economic and Real Estate (RE) Market indicators are presented and analyzed by Chief Investment and Analytics Officer at INREAL Group Tomas Sovijus Kvainickas, Head of Saving and Investment Products of Šiaulių Bankas Tomas Kipišas, Partner at Law Firm COBALT Artūras Kojala and expert at COBALT - Andrius Kazlauskas.
In the first half of 2021, the country's economy and the real estate (RE) market have disproven all pessimistic and even slightly more moderate forecasts. The sales of new housing have shot to record highs. Due to the supply that was unable to keep up with the demand, the market became unbalanced, creating favourable conditions for an increase in prices by an average of 20% within half a year. Business centre occupancy and lease prices remained at similar levels as at the end of 2020. The development of new office buildings in Kaunas and Klaipėda has stopped. In the field of real estate law, the hottest topic continues to be real estate development on state land.
About INREAL group
INREAL is a brand of an idea, which gives spark to unique projects, basis for professional services, and added value to businesses, clients, and partners. INREAL positions creativity as a core value in the dynamic business world. INREAL Group, which consists of UAB "Inreal", UAB "Inreal GEO" , UAB "Inreal valdymas" and its managed companies, develops unique real estate (RE) projects and provides probably the widest range of real estate services in 11 cities in Lithuania. The company has engaged in business operations for more than 25 years and implemented more than 70 real estate projects of various purposes, which received recognition and awards at contests not only in Lithuania but on an international scale as well.
Rūta Merčaitienė Head of Marketing and Communication at INREAL group +370 611 29 779 firstname.lastname@example.org