Lithuania Real Estate Tenders

Market size: Expected to reach US$475.30 billion in 2023 with a projected annual growth rate of 3.69%.
Key trend: Cooling market with declining demand and rising interest rates.
Price growth: House prices surged 22.39% in 2021 and 19.1% in 2022, but inflation adjusted growth is negative.

Lithuania Real Estate Government Procurement:
The government plays a significant role in the real estate market through procurement projects.
In 2022, 14% fewer real estate transactions were recorded compared to the previous year.
Despite the decline in activity, average prices continued to increase.

Main Real Estate Products and Services Procured:
Land for development
Construction of public buildings (schools, hospitals, etc.)
Maintenance and repair of existing buildings
Rental of office and residential space

Top Authorities for Lithuania Real Estate Procurement:
Public Procurement Office (PPO)
Ministry of Economy and Innovation
Ministry of Finance

Top Winners of Lithuania Real Estate Procurement:
UAB Merko Statyba
UAB Constra
UAB Veikmė

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