Competition for buyers is intensifying in the Vilnius real estate market: talks about discounts and price reductions have begun

According to the real estate development company “Citus”, in the capital city in August, real estate developers agreed on the sale of 445 apartments, lofts, and townhouses. This is 11.2% less than in July.

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According to Marijonas Chmieliauskas, sales director of the real estate project development company “Realco”, this is contributed to by rising housing prices and increasing interest rates since the beginning of the year.

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However, the abundant supply gives buyers more choice, but also prolongs the purchasing process itself, thus forcing sellers to compete more actively and offer more favorable conditions.

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