“We will focus on really high-quality housing... We believe that the price for adequately fit-up high-quality housing of 50 square meters in the Old Town of Vilnius with a view to the Gediminas Castle Tower might start from 0.5 million litas (EUR 0.14m),” Paulius Gebrauskas, board member of Sotheby's Realty Baltic’s Lithuanian representative office, said at a news conference on Tuesday.
The Dūkštas estate in the district of Ignalina would be the first building to be put on sale by Sotheby's in Lithuania, Marius Bružas, another board member, said. He added, however, that the company would also pay much attention to smaller high-quality housing.
Some 80 percent of services would be provided to meet the needs of Lithuania’s residents yet the company would not limit its services to the domestic market, Bružas said.
“We focus on the local market. Yet we can offer both a Lithuanian resident to buy a high-class apartment abroad, and a foreigner to buy one in Lithuania, since we are an international company and are able to do that easily,” he said.
Vestards Rozenbergs, chairman of Sotheby's Realty Baltic’s Latvian representative office, said at the news conference in Vilnius that the housing put on sale by Sotheby's in the Baltic countries was primarily acquired by nationals of Russia, Ukraine, and Belarus.
Sotheby's International Realty launched operations back in 1976. The network includes more than 12,000 brokers in 45 countries.