Construction of the new residential project Centro Duetas launched on Lvovo Street

Construction of the new residential project Centro Duetas has been launched at 81 Lvovo Street, in the vicinity of Konstitucijos Avenue in the central part of Vilnius. The project consists of two 6- and 9-storey urban apartment buildings. It will offer a total of 90 apartments (size: 1.5, 2 and 3 rooms) from 39 sqm to 74 sqm and three commercial property units from 100 sqm to 120 sqm. Completion of Centro Duetas is scheduled in June 2018.

Both buildings will be built in the second row on Lvovo Street and Linkmenų Street, in a quiet and peaceful courtyard. ‘Konstitucijos Avenue and the area in the vicinity of the avenue feature surprising volumes of development of modern business centres. This is a location for concentration of a strong workforce, which wishes not only to work and rest, but also to live here. Those who work in the surrounding offices of the area show strong interest in homes’, Audrius Šapoka, manager of the Residential Real Estate Department of Ober-Haus, said.

Technical solutions implemented in the project have such comfort-oriented features particularly appreciated by buyers as controlled underfloor heating for even heat distribution, a recuperation system to ensure fresh indoor air, and natural light through large down-to-floor windows. The apartment floor plan has been carefully considered to avoid wasted space. All apartments will have up to 17 sqm spacious terraces. The site will be lit; a yard and a playground will be built within the complex. Parking and storage units located underground will be equipped with security cameras.

‘Over the past three years, the activity of the housing market has been growing in Vilnius and the lack of high quality medium class properties in the central part of the city – Konstitucijos Avenue and its environs – prompted the construction of Centro Duetas. Particularly great attention was paid to technical, floor plan and architectural solutions. We are well aware that they are very important for comfort of residents and liquidity of assets in the case of their rental or sale in the future’, Mr Šapoka said.

Investor – UAB Spaineta, construction manager – UAB Incorpus, general contractor – UAB Naresta, concept development, marketing and sales – UAB OBER-HAUS nekilnojamas turtas.

Latest news

All news
The 2023 annual apartment price increase stood at 1.7% and the average annual price increase – at 8.2%
2024-01-15

The 2023 annual apartment price increase stood at 1.7% and the average annual price increase – at 8.2%

The Ober-Haus Apartment Price Index (OHBI) in Lithuania, which records changes in apartment prices in five major Lithuanian cities (Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys), increased by 0.5% in December 2023. Overall, the apartment prices in the major cities of Lithuania have increased by 1.7% over the last 12 months. The average annual apartment price increase in 2023 (January-December year-on-year) stood at 8.2%. In December 2023, apartment sales prices in Vilnius, Kaunas, Klaipėda and Panevėžys increased by 0.4%, 0.6%, 0.8% and 0.8% respectively and the average price per square meter in these cities was EUR 2,575 (+11 EUR/sqm), EUR 1,736 (+10  EUR/sqm), EUR 1,640 (+13 EUR/sqm), and EUR 1,081 (+8 EUR/sqm). In Šiauliai, apartment sales prices decreased by 0.7% and the average price per square meter was EUR 1,098 Eur (-8 EUR/sqm). Apartment prices rose year-on-year in December 2023 in all major cities of the country: 1.1% – in Vilnius, 2.7% – in Kaunas, 2.4% – in Klaipėda, 2.4% – in Šiauliai and 2.0% – in Panevėžys “Despite the decrease in the number of sales transactions in the Lithuanian housing market by 14% for two consecutive years, the country avoided a decline in the sale prices in 2023. In the…

Price expectations continue to hold despite declining housing market activity
2023-12-20

Price expectations continue to hold despite declining housing market activity

The Ober-Haus Apartment Price Index (OHBI) in Lithuania, which records changes in apartment prices in five major Lithuanian cities (Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys), increased by 0.1% in November 2023 (the price index in October 2023 decreased by 0.1%). Overall, the apartment prices in the major cities of Lithuania have increased by 1.2% over the last 12 months (the annual growth in October 2023 was 1.1%). In November 2023, apartment sales prices in Kaunas, Klaipėda and Šiauliai increased by 0.2%,  0.5% and 0.2% respectively and the average price per square meter in these cities was EUR 1,726 (+4 EUR/sqm), EUR 1,6270 (+8 EUR/sqm) and EUR 1,106 (+3 EUR/sqm). In Panevėžys, apartment sales prices decreased by 0.1% and the average price per square meter was EUR 1,073 (-1 EUR/sqm). In Vilnius, apartment sales prices remained unchanged and the average price per square meter stood at EUR 2,564. Apartment prices rose year-on-year in November 2023 in all major cities of the country: 0.8% – in Vilnius, 1.9% – in Kaunas, 1.3% – in Klaipėda, 2.9% – in Šiauliai and 1.5% – in Panevėžys. “Unlike housing market activity, which suffered another downturn in November, price expectations of the population remain quite optimistic.…

Apartment Developers’ Investments Have Been Shrinking
2023-11-16

Apartment Developers’ Investments Have Been Shrinking

The Ober-Haus Apartment Price Index for Lithuania (OHBI), which captures changes in apartment prices in the five largest Lithuanian cities (Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys), decreased by 0.1% in October 2023 (unchanged from September 2023). The overall level of apartment prices in Lithuania’s major cities grew by 1.1% over the last 12 months (an annual growth of 2.6% was recorded in September 2023). In Vilnius, Kaunas and Panevėžys, during October 2023, the sales prices of apartments decreased by 0.1%, 0.1% and 0.4% respectively, and the average price per square metre was EUR 2,565 (-€3/m²), EUR 1,722 (-€2/m²) and EUR 1,074 (-€4 /m²). However, in Klaipėda in October, the average price per square metre actually rose by 0.3% to EUR 1,619 (+€6/m²). In Šiauliai, the average price per square metre remained unchanged during the month at EUR 1,103. During the year (October 2022 to October 2023), apartment prices grew in all major cities of the country: in Vilnius – by 0.8%, in Kaunas – by 1.8%, in Klaipėda – by 0.7%, in Šiauliai – by 3.4%, and in Panevėžys – by 1.9%. The significant downward adjustment in housing market activity and the cessation of rising sales prices are clearly affecting…

All news

This website uses cookies. You can confirm your acceptance by clicking the "I Agree" button or by continuing to browse. I agree

Mail sent!

This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.