Ober-Haus completes the sale of “Beržų namai” project
A. Juozapavičiaus Street, Kaunas, the last apartment in the project “Beržų namai” (Beržų namai) was sold, the concept of which was developed and successfully realised by Ober-Haus. All the apartments have already been occupied, and the completion of the project has become a significant event in the rapidly modernising Žemieji Šančiai district.
Two apartment buildings have been designed on a plot of almost 0.43 hectares, with 72 two- to three-room apartments of 45-63 square metres. The project includes 41 underground and 32 above-ground parking spaces, bicycle storage and storage rooms, and a private courtyard.
“From the very beginning of the sale, we have felt great interest from buyers – the reason for this is both its exceptional location and the lack of quality housing in Kaunas,” says Svajūnas Šarauskas, Manager of the Kaunas office of Ober-Haus.
The houses were built in the growing and rapidly changing Žemieji Šančiai district, in a quiet and green part of A. Juozapavičiaus Avenue. “Beržų namai has contributed to the development of the area by landscaping the environment, greening and fencing the yard, and installing a children’s playground. “Beržų namai has not only added to the landscape of the modernising district, but has also encouraged the development of other housing projects in this part of the city.
“The location of the project dictated the architectural and qualitative requirements. Particular attention was paid to the naturalness and quality of building materials. Therefore, although the project envisaged A+ class apartment blocks, the certification has resulted in the buildings being given an even higher energy class of A++,” says S. Šarauskas.
Ober-Haus advised on pricing and concept development, developed and implemented the marketing strategy and managed the sales process. The investor of the project is UAB J29C and the main construction works were carried out by UAB Agda.
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Ober-Haus completes the sale of “Beržų namai” project
A. Juozapavičiaus Street, Kaunas, the last apartment in the project "Beržų namai" (Beržų namai) was sold, the concept of which was developed and successfully realised by Ober-Haus. All the apartments have already been occupied, and the completion of the project has become a significant event in the rapidly modernising Žemieji Šančiai district. Two apartment buildings have been designed on a plot of almost 0.43 hectares, with 72 two- to three-room apartments of 45-63 square metres. The project includes 41 underground and 32 above-ground parking spaces, bicycle storage and storage rooms, and a private courtyard. "From the very beginning of the sale, we have felt great interest from buyers - the reason for this is both its exceptional location and the lack of quality housing in Kaunas," says Svajūnas Šarauskas, Manager of the Kaunas office of Ober-Haus. The houses were built in the growing and rapidly changing Žemieji Šančiai district, in a quiet and green part of A. Juozapavičiaus Avenue. "Beržų namai has contributed to the development of the area by landscaping the environment, greening and fencing the yard, and installing a children's playground. "Beržų namai has not only added to the landscape of the modernising district, but has also encouraged…
In 2024, annual apartment price growth was 3.6%, average annual growth – 2.9%
The Ober-Haus Lithuanian apartment price index (OHBI), which follows changes in apartment sale prices in the five biggest Lithuanian cities (Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys) increased by 0.5% in December 2024. The annual apartment price growth in the biggest cities of Lithuania was 3.6%. The average annual apartment price growth in 2024 (January – December 2024 compared to January – December 2023) reached 2.9%. In December 2024 apartment prices in Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys increased by 0.6%, 0.7%, 0.1%, 0.5%, and 0.4%, respectively, with the average price per square meter reaching EUR 2,646 (+14 EUR/sqm), EUR 1,819 (+12 EUR/sqm), EUR 1,719 (+2 EUR/sqm), EUR 1,147 (+7 EUR/sqm), and EUR 1,123 (+4 EUR/sqm). In the past 12 months, the prices of apartments increased in all the biggest cities in the country: 2.8% in Vilnius, 4.8% in Kaunas, 4.8% in Klaipėda, 4.4% in Šiauliai and 3.9% in Panevėžys. “In 2024, the country's housing market was characterised by a volatile mood. A decline in market activity was recorded until the middle of the year, before recovering in the second half of the year. However, the total number of registered transactions in the country in 2024 remained almost the same as…
Up to two times the difference in selling prices of the most popular apartments in major cities
“As the level of house prices has been rising slowly and at a similar pace in all the country's major cities, we can see that, in the longer term, the price differential between the major cities has remained broadly stable. The difference in prices between the national capital and the rest of the major cities can be up to two times higher for a typical house. For example, in November 2024, buyers in the most popular districts of Vilnius paid an average of EUR 103,000 for an old two-room apartment. The property bought for this amount is a tidy or better furnished apartment of 49 sqm in a block of flats built in 1977. Meanwhile, buyers in Kaunas bought the same dwelling in November this year for an average of EUR 76,000, and in Klaipėda - EUR 70,000. At the same time, in Šiauliai and Panevėžys the price level of the same dwelling is 25-30% lower than in Kaunas and Klaipėda, and almost twice as low as in the capital of the country, i.e. EUR 54,000 and EUR 51,000 respectively. Old-built housing remains very popular as it is the most affordable for those looking for a home in the city.…
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