“Premium” Class Apartment Sales Grew 2,5 times – Residents Want to Live Closer to the City Centre

Vilnius homebuyers increasingly favour premium properties in central locations, with sales in this segment rising sharply.

In the first half of 2019, developers sold 680 new Vilnius apartments priced above €2,000 per square metre. This was 2.5 times the previous year’s figure, bringing the premium segment to 24% of sales.

Demand also rose in other price brackets. Sales reached 837 homes at €1,700–2,000 per square metre, 667 at €1,400–1,700 and 688 below €1,400. Overall new-apartment transactions increased by 70%.

HANNER linked the shift to rising incomes, central locations and demand for finished interiors. Its Renesanso and Pilies Apartamentai developments addressed this market; the latter included designer-furnished homes, enhanced acoustic insulation and remotely controlled heating.