In 2010 “EIKA” enterprise group sold 112 apartments in four projects and signed 31 tentative contracts for apartment sale in new buildings in Pilaitė and Santariškės.
More than half of the apartments have been sold in a dwelling-house project “Santariškių namai”, which has been acknowledged to be the best in Lithuania in 2009. More than 61 percent of “Eika” apartment buyers purchased an apartment using a bank loan.
In 2010 economy-class apartments amounted 18 percent of the apartments sold, middle-class apartments – 59 percent, while the rest 23 percent went to a prestigious class. “Previously we used to mostly sell economy-class apartments, however in 2010 we sold more middle-class apartments. Changes in sales were mostly influenced by supply in Pilaitė, which decreased by 52 percent,” says the Development Manager Domas Dargis.
During the year 2010 “Eika” apartment buyers’ alternative opportunities diminished by 67 percent, because the supply decreased down to 70 newly-built apartments. This year the supply will be complemented by more than 100 new apartments in Pilaitė and more than 60 new apartments in Santariškės. Around 25 percent of these apartments have already been sold by preliminary contracts. More than 24 million litas will be invested in these projects.
About EIKA group
Established in 1992 “Eika” is one of the largest real estate developers and construction service providers in Lithuania. Companies of EIKA group: “Eika” is a real estate market leader, valued for the progress, innovativeness and reliability; “Eikos statyba” is one of the biggest construction companies in Lithuania with great experience in the construction and renovation of administrative, public, commercial, industrial and residential buildings; “Inžinerinės idėjos” is the specialists of engineering systems design, installation and maintenance. Services provided by EIKA group are certified by Quality and Environmental standards ISO 9001:2000 ir ISO 14001:2004.
Director of Development
Tel. +370 5 2514 253
Fax. +370 5 2514 256