In accordance with the data of Inreal real estate experts\u2019 analysis the amount of transactions made in the largest cities of Lithuania in 2011 has approximated to the level of 2008. Today apartments, which cost up to 200 thousand LTL, are mostly purchased. In comparison with the beginning of the crisis, the areas of mostly purchased apartments have decreased by approximately 10-20 percent. It is expected that similar structure of apartment transactions will remain in 2012. <\/p>\n
\u201cReal Estate (RE) market is in a particular situation of \u201cclosed circle\u201d today, when without bank funding, because the majority of people purchase RE from their own funds, the transactions are made within the same price range, which usually does not exceed 200 thousand Litas\u201d, – states Arnoldas Antanavi\u010dius, the Manager of Consultations and Analysis Department of Inreal Management. According to him, the market is generally circulating at the capital level, where apartments of old construction and\/or economic class are mostly purchased. This tendency also reflects in the real estate developers\u2019 sales: more than a half of new construction apartments sold in Vilnius, Kaunas and Klaip\u0117da belong to the economic class. <\/p>\n
Inreal analysts forecast that the increase in more expensive, i.e. more spacious, newer and\/or higher class, apartment transactions may be expected in the event of increase in personal income of people, significant improvement of economic situation of the country, expectations of society and lending terms. Whereas reasonable inclination in the rates mentioned above is expected, it is possible to assume that current distribution of apartment transactions in the market should not change substantially in 2012.<\/p>\n