The luxury real estate market is in the hands of a seller nowadays. A demand for premium objects is the highest ever, but the selection has shrunk to the minimum, says Robertas Karalius, a representative of Baltic Sotheby’s International Realty, having demonstrated the best results in the Baltic states last year.

The luxury real estate market in Lithuania is much smaller than usual and much more concentrated. Apart from suburban residences in picturesque areas of Lithuania, objects of this segment line up in seaside resorts and prestigious neighbourhoods of Vilnius and Kaunas. As paradoxical as it may sound, the price is not the key hallmark of a luxury apartment or a house.

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