KLAIPEDA - Towering glassy Lithuanian-size skyscrapers and popped up eye-catchingly bright maisonettes and houses on the outskirts purport to show the glory of the recent construction boom. However, with the real estate bubble having burst in the aftermath of the overheated economy, the construction looms soulless. Developers and real estate agents scramble in search of tenants nevertheless, with strict bank lending policies, rising unemployment and overall thrift, they are just not to be found anywhere.Lithuanian economists maintain that the construction and building sector has bee...
The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please authorize yourself.
In case you don't have a subscription yet - please visit our
SUBSCRIPTION section
