Professional investor: these apartments cannot be bought in Vilnius

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“Just like that” sample is.

Without web scraping (there are certain robots that scan the websites given to them and put the necessary information into, say, Excel), without AI (artificial intelligence). The good old manual way and with your eyes and head.

I’ve looked at everything, but the two that appeared recently killed me. Speaking of which, colleagues tried to tactfully notice that “maybe, Tom, the glass is just half empty and it’s not all that bad.” NO! This is worse than bad! I will explain why.

But so that everything doesn’t seem so bad, let’s start with a few good things.

When the Nu Wave project of the real estate developer Homa appeared on the real estate market of Vilnius Naujamiestis in Q4 2023, it was probably the only real estate project in Naujamiestis. At least this one – compact studio and 1-bedroom apartments at an attractive price – is really the only one. It’s no wonder that a good number of objects in it have left in the first few weeks.

And at the moment, apart from the two objects that I do not recommend buying, there is a lot to choose from on the market! About this – in the next post and below.

Recently, I even received several inquiries from real estate developers, whether they could send presentations of one or another project (some of which are not yet public).

– Ofcourse! – I say.

And now I’m back to what I don’t-re-re-ko-men-duo-ju to buy!

212,000 euros for an apartment above a car wash with a windowless bedroom.

Yes, I agree, we are living in a new reality and a new Vilnius real estate price market. But. 212,000 for a 2 bedroom apartment above a car wash with a windowless bedroom? Here is some new new reality. Of course, you can have an apartment without windows at all (even the media wrote about it).

I get it, sellers are sellers.

However, this is not the end. Here is the correspondence with the seller.

The article is in Lithuanian

Lithuania

Tags: Professional investor apartments bought Vilnius

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