Rus News Journal

The Lithuanian real estate of real estate has frozen

According to poll spent by Lithuanian magazine Valstybe, 51 %   respondents considers that stagnation in the local market of real estate will last within two years.

29 percents of respondents are assured that stagnation will proceed within three years. And only 17 percents expect revival in the market in a year.

One of participants of poll, the adviser of the president of bank SEB Gitanas Nauseda, considers that recession in the market of real estate of Lithuania will last about one year, however on a market complete recovery it is required to more time.

At last, analyst Danske Bank of Violeta Klivene asserts that stagnation in the real estate market will proceed three years, but the reasons for market revival in 2011 are available, as the demand potential is used yet completely and some citizens live in the apartments which are not corresponding to standards     informs     information     a portal   news. penki. lt with   the link on   RIHANNAS - Real estate and agency ELTA.