In the first half of 2026, Turto bankas reported significant activity within the real estate sector, detailing the results of its property auctions. During this period, the bank announced 614 auctions, of which 327 were successfully conducted. This resulted in a 53% auction success rate, mirroring the rate observed in the first half of 2025.
In the previous year’s corresponding period, 676 auctions had been announced, with 358 taking place. Financially, the auction segment showed an increase in sales value. In the first half of 2026, the total amount sold through these auctions reached €14.93 million, an increase compared to the €11.27 million recorded in the same period of 2025.
Indrė Kajokienė, Director of the Commercial Department at Turto bankas, provided commentary on the market’s performance. She noted that the real estate market maintained activity and stability throughout the initial six months of the year, even amidst ongoing geopolitical uncertainty. According to Kajokienė, the market exhibits a unique characteristic, as different types of properties are sold annually.
She highlighted that demand remains particularly strong for high-value assets priced above €1 million. These insights suggest that despite broader economic uncertainties, specific segments of the real estate market continue to show robust engagement.
Topics: #first #half #auctions
