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Arvydas Avulis
Real Estate

A. Avulis: housing rental prices may rise regardless of whether German soldiers will come to Lithuania or not

ELTA
in 2024 April 23 06:30 a.m
2 min. reading
Photo: Karolinas Gudžiūnienes (ELTA)
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Real estate (NT) development companies "Males" Chairman of the Board Arvydas Avulis believes that the arrival of the soldiers of the German brigade can create the conditions for an increase in rental prices in Lithuania. However, the businessman thinks, the impact of this will be insignificant. According to him, rent prices in Vilnius in 2023 increased by 10 percent, which could have been determined by the increased number of people arriving in Lithuania.

"Rental prices may increase this year as well, regardless of whether there will be Germans or not." If they come, perhaps there are more assumptions", A. Avulis said to "Žinių radio" on Monday.

"There could have been completely different reasons for the increase in rent. More foreigners came to us last year. (…) We received visitors not only from Belarus or Ukraine, but also from third countries. Everyone needs to live," he explained.

He added that residential housing prices in the capital have remained at the same level for 18 months, although their fall was expected.

According to Hanner's manager, in order to ensure more attractive housing prices for the public, the bureaucratic burden on developers should be reduced. According to him, this would create a boost in the market.  

"It is only necessary to reduce the bureaucracy a little and allow more investment and construction. For this day House In Vilnius, it has reached a level where it becomes difficult to afford. Removing excess red tape will give the market a boost. And with an increase in supply, there is no question of any increase," he asserted.

ELTA reminds that the first element of the German brigade arrived in Lithuania at the beginning of April - over 20 soldiers who will be responsible for planning the brigade's transfer to Lithuania and coordinating the requirements for military infrastructure. Also, by the end of the year, the primary element of the headquarters, which will be raised, will help with the transfer of German soldiers to the country.

In total, it is intended to transfer about 5 thousand people to Lithuania. Soldiers and civilians of the German brigade. Some of them will come with their families.

It is planned that the majority of the brigade will be transferred to Lithuania by 2026. According to German Defense Minister Boris Pistorius, the brigade will gain full operational capacity in 2027.

Berlin undertook to deploy a brigade-sized military unit in Lithuania in the summer of 2022 - such an agreement is provided for in the communique signed by German Chancellor Olaf Scholz and President Gitan Nausėda.

Žygymantas Šilobritas (ELTA)

TAGS:Arvydas AvulisNew
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