Lithuanians buying more houses than apartments as sales grow

In May, 967 individual houses were sold in Lithuania – 13.5% more than in April and 16.4% more than in the corresponding period last year, 15min.lt reports.

“It seems that for Lithuanians, like many Europeans, apartments are no longer as attractive, indicated by growing individual houses and land sales,” said the Centre of Registers representatives.

The market for sites also increased with 5,832 plots of land sold in May. This is a 9.3% increase on April and 26.3% more than in May last year.

The apartment market also grew strongly year on year with 3,003 apartments sold in May, just 2.1% more than in April but 35.6% more than in the same month last year.

In total, there were 11,358 real estate purchases in May which is 5.3% more than in April and 29% more than the same period last year.