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    “EIKA” continues to invest in Pilaitė district

    “EIKA group” had purchased 2.6 ha land lot at Karaliaučiaus street in Pilaitė, and there is a plan to build more than 600 apartments. The construction of the first block of flats will start this year. “EIKA” is planning to invest more than 30 million euro to this particular residential neighbourhood.

     

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    More new apartments were sold than built in Vilnius

    The year of 2016 started with especially active sales in the primary housing market in Vilnius. During the first three months of this year, real estate developers sold nearly 1100 new apartments in the capital city – 32% more than during the same period last year. High activity of buyers is a reason that more apartments had been purchased in Vilnius than built, for the second quarter in a row.

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    Different new housing market trends in Kaunas and Klaipėda

    The same number of new apartments were sold in Klaipėda in 2015 as in 2013, i.e. about 250, or 16% less than in 2014. In Kaunas, the trend was a bit different from the port city in 2015. With activated sales, the supply has shrunk by 22% and now amounts to barely 550 new apartments.

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    2016 in the real estate market: both buyers and developers will invest more carefully

    The year of 2015 was very active for real estate developers in Vilnius, and expert forecasts about sales returning to the level of 2013 after the introduction of the euro proved not to be correct. Last year the company sold nearly 3450 new apartments, i.e. 18% more than in the previous year.

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    In 2015, “EIKA” sold 37% more new apartments

    “EIKA Group” sold 384 apartments of new construction in Vilnius during 2015. Compared to 2014, the sales of new apartments of the company increased by 37%.

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    Investment with guaranteed 5% return

    EIKA presents a market novelty – the real estate investment with a guaranteed 5% annual return.Those who intend to invest in real estate with a guaranteed return, should buy Eika’s new construction housing with full individual finish, and the company is committed to finding a tenant and ensuring 5 per cent annual return. If the rental income is lower than the guaranteed return, the company promises to compensate it.

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    EIKA to guarantee 5 per cent return to its clients

    EIKA real estate development company offers a new investment alternative with guaranteed 5 per cent annual return.Investors not only can acquire real estate, but also receive guaranteed monthly income from the rental of the housing. According to the company representatives, this is a new business service for those looking for reliable investment opportunities and alternatives, and having savings.

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    SEB Bank provided a loan of nearly 50 million litas to Eika group of companies

    11.1 million euro of the loan will be used for the implementation of Eika group real estate projects in Vilnius.The company has extended previous 38.2 million euro credits to fund its real estate.The total value of the deal signed between SEB bank and Eika of companies is 49.3 million euro.

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    Eika launches the construction of a new 135 business centre

    In Vilnius, after the demolition of a former ambulance station building, EIKA started to build a new business centre named 135.This will be one of the largest real estate development projects.The total area of the business centre and apartment complex will reach 15 thousand sq. m.

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    Eika ranked first in the Baltic Property Awards in the category of residential construction

    Santariškių namai project by UAB Eika became the winner in the Baltic Property Awards organised by Baltic Real Estate and Investment Forum

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