- Faculty of Civil Engineering
- Faculty Departments
- Department of Construction Management and Real Estate
Department of Construction Management and Real Estate
The Department prepares professionals capable of planning, designing, organising, and managing construction and real estate development projects.
About the Department
Department History
1970-09-01
The Department of Construction Technology was established at the Faculty of Civil Engineering of the Vilnius Civil Engineering Institute (VISI). The first head of the department was Assoc Prof Viktor Krušinskas, Candidate of Technical Sciences.
The Department delivered courses in construction technology, building materials, construction machinery, work standardisation, and occupational safety to students in full-time, evening, and part-time study programmes.
1973 m.
Prof habil Dr Edmundas Kazimieras Zavadskas joined the Department. With his arrival, research activities expanded, the principles of automated technological design systems for construction processes were developed, and the number of scientific publications increased significantly.
1987 m.
Prof habil Dr E. K. Zavadskas became the Head of the Department and defended his habilitation dissertation in engineering sciences, titled “Multi-criteria Seletonovation of Construction Technological Processes.”
1990 m.
After Prof E. K. Zavadskas became Rector of VISI, Assoc Prof Vladas Kriukelis, Candidate of Technical Sciences, was appointed Head of the Department.
1992-1996 m.
The Department is headed by Assoc Prof Jonas Romualdas Šimkus, Doctor of Engineering.
1993 m.
In response to changes in specialist training and the expansion of research areas, the Department was renamed the Department of Construction Technology and Management (STM). The Construction Technology and Management Laboratory was established within the Department.
1996 m.
Training of three levels of construction professionals was introduced: bachelors, engineers, and masters. Master’s students specialised in construction technology and management or construction economics and management. In total, 87 study modules were developed. Bachelor’s graduates could continue their education in professional study programmes in construction economics and management or construction technology and organisation.
1996 m.
Assoc Prof Artūras Kaklauskas was appointed Head of the Department.
1997 m.
The Department’s name was updated to the Department of Construction Technology and Management. The Department coordinated the Master’s programme in Construction Management, organised professional studies in Construction Economics and Business, and began preparing Bachelor’s and Master’s graduates in Real Estate Management.
1999 m.
The first two-year distance learning Master’s programme in Real Estate Valuation in Lithuania was introduced. The programme leaders were Prof habil Dr E. K. Zavadskas and Prof habil Dr A. Kaklauskas. A total of 31 master’s students enrolled in the programme.
A two-year distance learning Master’s programme in Construction Business and Economics was also established.
2000 m.
The Department delivered the following main study programmes: Construction Management (with specialisations in Construction Economics and Business and Construction Technology and Management), Real Estate Management, specialised professional studies in Construction Economics and Business, and Master’s programmes in Construction Management and Real Estate Valuation.
That year, the Department graduated a record number of students: 220 bachelors, 50 engineers, and 53 masters.
Due to the increasing scale of activities, a new Department of Construction Economics and Real Estate Management (SENTV) was established. The head of the department became Prof habil Dr A. Kaklauskas.
2017 m.
The Department of Construction Technology and Management and the Department of Construction Economics and Real Estate Management (SENTV) were merged to form the Department of Construction Management and Real Estate. The head of the department became Prof habil Dr Artūras Kaklauskas.
1970-09-01
1973 m.
1987 m.
1990 m.
1992-1996 m.
1993 m.
1996 m.
1996 m.
1997 m.
1999 m.
2000 m.
2017 m.
Study Programmes
The Department delivers one Bachelor’s programme and two Master’s programmes.
Construction and Real Estate Management
Bachelor’s degree studies
Degree awarded: Bachelor of Engineering Sciences
Real Estate Management
Master’s degree Studies
Degree awarded: Master of Business Management
Construction Technologies and Management
Master’s degree Studies
Specialisations:
- Construction Economics and Business
- Construction Technology and Management
Degree awarded: Master of Engineering Sciences
Areas of Activity
The Department is actively engaged in scientific research, focusing on multi-criteria decision support systems in construction, modelling and forecasting in the real estate sector, analysis of energy efficiency and reliability in construction, e-business, and smart city development.
Research Areas
- Modern construction technologies
- Building Information Modelling (BIM)
- Multi-criteria decision support systems in construction
- Intelligent and biometric technologies in construction
- Artificial intelligence, digital twins, machine learning, augmented reality, and blockchain in the construction and real estate sectors
- Internet of Things (IoT) in construction and real estate
- Sustainable construction and the circular economy
- Energy efficiency of buildings and climate change
- Total quality management in construction projects
- Assessment of construction investment efficiency
- Modelling and forecasting of the construction industry and real estate sector
- Real estate valuation
- E-business
- Smart cities
Departmental Research
- Research on multi-criteria evaluation of modern construction technologies
- Research on the development and improvement of multi-criteria evaluation methods
- Research on the application and development of Building Information Modelling (BIM) in building management
- Research on the application of artificial intelligence, digital twins, and machine learning in construction and building management
- Research on the application of the Internet of Things (IoT) in construction and building management
- Research on emotions, affective states, and physiological parameters in the built environment
- Research on sustainable construction, the application of circular economy principles, and climate change adaptation
- Research on construction and real estate markets
Partners
The Department of Construction Management and Real Estate collaborates with research and higher education institutions, as well as Lithuanian companies and public organisations. Cooperation includes academic exchange under the Erasmus+ programme, joint international projects, joint publications, participation in international conferences, and other activities.
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Department Laboratories
Administration
- Administration
- Research Staff
- Professors
-
Prof. Dr Habil. Artūras KaklauskasHead
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Thesis abstracts
Years
Qualification
Clear selections
Augustė Baravykaitė
— Prof Dr Audrius Banaitis
Analysis of PROPTECH Applications in the Real Estate Market
This master’s thesis analyses the application of PropTech technologies in the real estate market, with a particular focus on the Baltic States. The study examines the evolution of...
Analysis of PROPTECH Applications in the Real Estate Market
Student:
Augustė Baravykaitė
Supervisor:
Prof Dr Audrius Banaitis
Department:
Department of Construction Management and Real Estate
Thesis abstract (LT)
Baigiamajame magistro darbe analizuojamas „PropTech“ technologijų taikymas nekilnojamojo turto rinkoje, ypatingą dėmesį skiriant Baltijos šalims. Darbe nagrinėjama PropTech sąvokos raida, pagrindinės technologinės kryptys bei jų poveikis nekilnojamojo turto valdymui, sandoriams, klientų patirčiai ir tvarumui. Atliekama mokslinės literatūros analizė, siekiant identifikuoti svarbiausias PropTech technologijas, tokias kaip dirbtinis intelektas, daiktų internetas, blokų grandinė, didieji duomenys bei virtualioji ir papildyta realybė.
Empirinėje darbo dalyje analizuojamas PropTech sprendinių taikymas Baltijos šalių nekilnojamojo turto rinkose, vertinant jų poveikį rinkos efektyvumui, skaidrumui ir konkurencingumui. Tyrime taikomi kiekybinės analizės, aprašomosios statistikos ir SSGG analizės metodai. Tyrimo rezultatai atskleidžia, kad PropTech technologijos turi reikšmingą teigiamą poveikį nekilnojamojo turto sektoriaus skaitmenizacijai, tačiau jų diegimą riboja teisiniai, finansiniai ir organizaciniai iššūkiai. Darbo pabaigoje pateikiamos išvados, skirtos PropTech sprendinių taikymo plėtrai Baltijos šalių nekilnojamojo turto rinkoje.
Thesis abstract (EN)
This master’s thesis analyses the application of PropTech technologies in the real estate market, with a particular focus on the Baltic States. The study examines the evolution of the PropTech concept, key technological directions, and their impact on real estate management, transactions, customer experience, and sustainability. A comprehensive scientific literature review is conducted to identify the main PropTech technologies, including artificial intelligence, the Internet of Things, blockchain, big data, and virtual and augmented reality.
The empirical part of the thesis analyses the implementation of PropTech solutions in the real estate markets of the Baltic States, assessing their influence on market efficiency, transparency, and competitiveness. Quantitative analysis, descriptive statistics, and SWOT analysis methods are applied in the research. The results indicate that PropTech technologies have a significant positive impact on the digital transformation of the real estate sector; however, their adoption is constrained by legal, financial, and organizational challenges. The thesis concludes with findings aimed at fostering the development and wider application of PropTech solutions in the Baltic real estate market.
Baltramiejus Bunkus
— Assoc Prof Dr Nerija Banaitienė
A Study of the Success Factors of Real Estate Projects
The success of residential real estate projects depends on a wide range of interrelated micro- and macro-level factors, the importance of which may vary across different national contexts....
A Study of the Success Factors of Real Estate Projects
Student:
Baltramiejus Bunkus
Supervisor:
Assoc Prof Dr Nerija Banaitienė
Department:
Department of Construction Management and Real Estate
Thesis abstract (LT)
Gyvenamųjų nekilnojamojo turto projektų sėkmė priklauso nuo daugelio tarpusavyje susijusių mikro- ir makro–lygmens veiksnių, kurių reikšmingumas skirtingose šalyse gali skirtis. Šio magistro darbo tikslas – išanalizavus nekilnojamojo turto plėtros ypatybes ir identifikavus literatūroje išskiriamus gyvenamojo nekilnojamojo turto projektų sėkmės veiksnius, empiriškai įvertinti jų reikšmingumą Lietuvos ir Škotijos kontekstuose. Darbas atliktas taikant kiekybinį tyrimo metodą – anketinę apklausą, kurioje dalyvavo nekilnojamojo turto srities profesionalai. Duomenys analizuoti naudojant aprašomąją statistiką, Relative Importance Index (RII) metodą ir Mann-Whitney U testą. Tyrimo rezultatai atskleidė svarbiausius mikro- ir makro–lygmens sėkmės veiksnius ir išryškino ribotus, tačiau reikšmingus skirtumus tarp Lietuvos ir Škotijos rinkų. Gauti rezultatai gali būti naudingi nekilnojamojo turto vystytojams ir investuotojams priimant pagrįstus sprendimus.
Darbą sudaro įvadas, 4 pagrindinės dalys su poskyriais ir skyreliais, išvados ir siūlymai, literatūros sąrašas.
Thesis abstract (EN)
The success of residential real estate projects depends on a wide range of interrelated micro- and macro-level factors, the importance of which may vary across different national contexts. The aim of this master’s thesis is to analyse the concept of real estate development and the success factors of residential real estate projects identified in the literature, as well as to empirically evaluate their significance within the contexts of Lithuania and Scotland. The study is based on a quantitative research approach using a questionnaire survey conducted among real estate professionals. The collected data were analysed using descriptive statistics, the Relative Importance Index (RII), and the Mann-Whitney U test. The results of the study identify the most significant micro- and macro-level success factors and reveal limited but meaningful differences between the Lithuanian and Scottish markets. The findings may be useful for real estate developers and investors when making informed decisions in a dynamic residential real estate market.
The work consists of: an introduction, four main parts with subsections and sections, conclusions and recommendations, and a list of references
Edvinas Kumpinas
— Assoc Prof Dr Natalija Lepkova
Analysis of the Problems of Accessibility of Housing in Vilnius, Kaunas and Klaipeda and Their Economic Impact on Society and the Labour Market
The master's thesis analyzes the problem of housing affordability in Vilnius, Kaunas, Klaipėda, where due to the rapid increase in housing and housing prices, some groups of residents...
Analysis of the Problems of Accessibility of Housing in Vilnius, Kaunas and Klaipeda and Their Economic Impact on Society and the Labour Market
Student:
Edvinas Kumpinas
Supervisor:
Assoc Prof Dr Natalija Lepkova
Department:
Department of Construction Management and Real Estate
Thesis abstract (LT)
Magistriniame darbe analizuojama būsto prieinamumo problema Vilniuje, Kaune, Klaipėdoje, kur dėl sparčiai kylančių būsto ir nuomos kainų, kai kurios gyventojų grupės susiduria su prastėjančiomis galimybėmis įsigyti ar išsinuomoti norimą būstą. Darbo tikslas - nustatyti, kokie veiksniai lėmė būsto prieinamumą Vilniuje, Kaune, Klaipėdoje 2010-2024 m. laikotarpyje. Magistro darbas sudarytas iš trijų dalių: teorinė būsto prieinamumo sampratos ir ją lemiančių veiksnių analizės, tyrimo metodologijos bei empirinio tyrimo. Atliekant statistinė pokyčių, koreliacinė bei regresinę analizę. Teorinėje dalyje nagrinėjama būsto prieinamumo samprata ir vertinimo rodikliai, ekonominiai ir socialiniai aspektai bei jų įtaka nekilnojamojo turto rinkai, paklausai bei kainai. Taip pat pajamų, užimtumo, migracijos ir būsto kainos ryšys, bei nacionaliniuose ir tarptautiniuose tyrimuose išskiriami prieinamumo iššūkiai bei problemos. Metodologinėje dalyje aprašyti taikyti analizės metodai: aprašomoji statistika, koreliacinė bei regresinė analizė. Empirinėje dalyje atlikta trijų miestų lyginamoji analizė, nekilnojamojo turto pardavimo kainų ir nuomos, užimtumo, migracijos, palūkanų rodiklių dinamikos 2010-2024 m. laikotarpyje analizė. Koreliacijos analizėje tikrinti ryšiai tarp būsto kainos ir pajamų, užimtumo bei migracijos. Regresijos analizė parodė, kad būstas sunkiai prieinamas Vilniuje, Kaune prieinamumas geresnis, o migracijos poveikis yra statistiškai nereikšmingas būsto kainų pokyčiams trijuose miestuose. Magistro darbą sudaro: įvadas, trys darbo dalys, išvados bei pasiūlymai ir literatūros sąrašas. Darbo apimtis – 73 p. teksto be priedų, 10 lentelių, 31 paveikslėliai. Atskirai pridėdami 3 darbo priedai.
Thesis abstract (EN)
The master's thesis analyzes the problem of housing affordability in Vilnius, Kaunas, Klaipėda, where due to the rapid increase in housing and housing prices, some groups of residents are faced with deteriorating opportunities to purchase or rent the desired housing. The aim of the work is to determine what factors determined the availability of housing in Vilnius, Kaunas, Klaipėda in the period 2010-2024. The master's thesis consists of three parts: theoretical analysis of the concept of housing affordability and its determining factors, research methodology and empirical research. Statistical analysis of changes, correlation and regression analysis. The theoretical part analyzes the concept of housing affordability and assessment indicators, economic and social aspects and their influence on the real estate market, demand and price. Also, the relationship between income, employment, migration and housing prices, and national and international studies identify accessibility challenges and problems. The methodological part describes the applied analysis methods: descriptive statistics, correlation and regression analysis. An empirical analysis of three cities was performed, followed by a tonal analysis of the dynamics of real estate sales prices and rents, employment, migration, indicators in the period 2010-2024. The correlation analysis examined the relationships between housing prices and income, employment and migration. The regression analysis showed that housing is more accessible in Vilnius and Kaunas, and the impact of migration is statistically insignificant for changes in housing prices in the three cities. The master's thesis consists of: introduction, three parts of the work, conclusions and proposals and a list of references. The volume of the work is 73 p. of text without appendices, 10 tables, 31 pictures. Appendices to the work are 3 attached separately.
Greta Kontautaitė
— Assoc Prof Dr Laura Tupėnaitė
Analysis of the Community Gardens’ Development Problems in the City of Vilnius
In this master’s thesis, the development of garden communities and the emerging challenges are analysed in the context of the city of Vilnius. The first part of the...
Analysis of the Community Gardens’ Development Problems in the City of Vilnius
Student:
Greta Kontautaitė
Supervisor:
Assoc Prof Dr Laura Tupėnaitė
Department:
Department of Construction Management and Real Estate
Thesis abstract (LT)
Baigiamajame magistro darbe analizuojama sodų bendrijų plėtra ir kylančios problemos Vilniaus miesto kontekste. Pirmoje darbo dalyje nagrinėjami sodų bendrijų atsiradimo ir raidos aspektai, apžvelgiamos sodų teritorijos Europos šalyse bei analizuojamas sodų bendrijų vaidmuo darnumo kontekste. Antroje darbo dalyje analizuojama sodų bendrijų situacija Lietuvoje – sodininkystės ištakos, sodų bendrijų raida sovietmečiu, jų transformacija po 1990 m., teisinis reglamentavimas, infrastruktūros būklė, patrauklumas nuolatiniam gyvenimui ir teritorijų pertvarkymo galimybės. Trečioje darbo dalyje atliktas Vilniaus miesto sodų bendrijų plėtros tyrimas, apimantis būsto rinkos apžvalgą ir sodų bei gyvenamųjų namų sandorių analizę Salininkų, Antakalnio ir Naujosios Vilnios sodų teritorijose, inžinerinės ir socialinės infrastruktūros analizę taikant GIS metodus bei kokybinį tyrimą, pagrįstą gyventojų, nekilnojamojo turto vystytojų ir infrastruktūros specialistų interviu.
Remiantis atlikta analize pateiktos darbo išvados ir rekomendacijos, skirtos sodų bendrijų integravimui į miesto struktūrą.
Darbą sudaro įvadas, trys pagrindinės dalys, išvados ir siūlymai, literatūros sąrašas.
Darbo apimtis – 66 p. teksto be priedų, 20 pav., 18 lent., 56 bibliografiniai šaltiniai. Atskirai pridedami darbo priedai.
Thesis abstract (EN)
In this master’s thesis, the development of garden communities and the emerging challenges are analysed in the context of the city of Vilnius. The first part of the thesis examines the origins and evolution of garden communities, reviews garden territories in European countries, and analyses the role of garden communities in the context of sustainability. The second part analyses the situation of garden communities in Lithuania, including the origins of gardening, the development of garden communities during the Soviet period, their transformation after 1990, the legal framework, the condition of infrastructure, attractiveness for permanent residence, and possibilities for territorial transformation. The third part presents a study of the development of garden communities in Vilnius, covering an overview of the housing market and a transaction analysis comparing garden houses and residential houses in the territories of Salininkai, Antakalnis, and Naujoji Vilnia, as well as an analysis of engineering and social infrastructure using GIS methods and a qualitative study based on interviews with residents, real estate developers, and infrastructure specialists.
Based on the conducted analysis, the conclusions and recommendations aimed at the integration of garden communities into the urban structure are presented.
The thesis consists of an introduction, three main chapters, conclusions and recommendations, and a list of references.
The volume of the thesis is 66 pages of text excluding appendices, 20 figures, 18 tables, and 56 bibliographic sources. Appendices are provided separately.
Kristina Petraitienė
— Prof Dr Habil Artūras Kaklauskas
Comparative Analysis of Office Development Trends in Lithuania and the World
The final master's thesis analyzes the links between sustainable development and quality of life indicators in modern office architecture, paying particular attention to the application of international certification...
Comparative Analysis of Office Development Trends in Lithuania and the World
Student:
Kristina Petraitienė
Supervisor:
Prof Dr Habil Artūras Kaklauskas
Department:
Department of Construction Management and Real Estate
Thesis abstract (LT)
Baigiamajame magistro darbe analizuojamos tvarios plėtros ir gyvenimo kokybės rodiklių sąsajos šiuolaikinių biurų architektūroje, ypatingą dėmesį skiriant tarptautinių sertifikavimo sistemų BREEAM, LEED ir WELL taikymui. Darbe nagrinėjama, kaip šios sistemos leidžia tvarumo principus praktiškai integruoti į pastatų projektavimą ir eksploataciją Lietuvos ir tarptautiniame kontekste.
Esminis darbo dėmesys sutelkiamas į biurų vidaus aplinkos sprendinių poveikio darbuotojų emocinei gerovei analizę, kuri atliekama remiantis WELL Building Standard kriterijais. Teorinėje dalyje aptariama tvarumo samprata, gyvavimo ciklo vertinimo (LCA) metodika ir į žmogų orientuotų sertifikavimo sistemų vaidmuo, o empirinėje dalyje pateikiami kokybinio tyrimo, atlikto Lietuvos biuruose, rezultatai.
Tyrimas atskleidžia, kad emocinė gerovė yra reikšmingas socialinio tvarumo aspektas, tiesiogiai susijęs su akustiniu komfortu, apšvietimu, mikroklimatu, biofiliniu dizainu ir suvokiamu aplinkos kontrolės lygiu. Darbe pateikiamos praktinės rekomendacijos Lietuvos biurų projektavimui ir valdymui, skirtos kurti žmogui palankią ir tvarią darbo aplinką.
Darbo apimtis: 83 p., 14 paveikslų, 6 lentelės, 3 priedai.
Thesis abstract (EN)
The final master's thesis analyzes the links between sustainable development and quality of life indicators in modern office architecture, paying particular attention to the application of international certification systems BREEAM, LEED and WELL. The work examines how these systems allow the principles of sustainability to be practically integrated into the design and operation of buildings in the Lithuanian and international context.
The main focus of the work is on the analysis of the impact of the interior environment solutions of the offices on the emotional well-being of the employees, which is carried out based on the criteria of the WELL Building Standard. The theoretical part discusses the concept of sustainability, the life cycle assessment (LCA) methodology and the role of human-centered certification systems, while the empirical part presents the results of a qualitative study conducted in Lithuanian offices.
The study reveals that emotional well-being is a significant aspect of social sustainability, directly related to acoustic comfort, lighting, microclimate, biophilic design and perceived level of environmental control. The work presents practical recommendations for the design and management of Lithuanian offices, aimed at creating a human-friendly and sustainable work environment.
Work volume: 83 pages, 14 figures, 6 tables, 3 appendices.
Sergej Chmeliov
— Prof Dr Habil Artūras Kaklauskas
The Impact of Real Estate Investments on Economic Development
Work objective: to assess the impact of real estate investment on economic development based on the analysis of selected macroeconomic indicators. Brief description of work: This work examines...
The Impact of Real Estate Investments on Economic Development
Student:
Sergej Chmeliov
Supervisor:
Prof Dr Habil Artūras Kaklauskas
Department:
Department of Construction Management and Real Estate
Thesis abstract (LT)
Darbo tikslas: įvertinti investicijų į nekilnojamąjį turtą poveikį ekonominei plėtrai, remiantis pasirinktų makroekonominių rodiklių analize.
Darbo trumpas apibūdinimas:
Šiame darbe nagrinėjama nekilnojamojo turto investicijų reikšmė ekonominei plėtrai pasauliniu mastu. Darbo pradžioje apžvelgiamos investicijų ir nekilnojamojo turto sampratos, analizuojamas jų ryšys su ekonomikos augimu bei aptariamos pagrindinės nekilnojamojo turto rinkos tendencijos, įskaitant technologijų plėtrą, tvarumo ir ESG principų svarbą investiciniams sprendimams. Toliau pristatomas tyrimo modelis, apibrėžiami nepriklausomi ir priklausomi kintamieji bei aprašoma taikoma tyrimo metodika. Empiriniam tyrimui naudojami tarptautinių institucijų, tokių kaip Pasaulio bankas, UNCTAD ir Tarptautinis valiutos fondas, statistiniai duomenys, o ryšiui tarp nekilnojamojo turto investicijų ir ekonominės plėtros įvertinti taikoma koreliacinė ir regresinė analizė. Baigiamojoje darbo dalyje pateikiami empirinio tyrimo rezultatai, analizuojamas nekilnojamojo turto investicijų poveikis bendrojo vidaus produkto augimui ir kitiems ekonominiams rodikliams, o remiantis gautais rezultatais suformuluojamos pagrindinės išvados bei pateikiami pasiūlymai.
Darbo apimtis – 54 puslapių. Darbe pateikta 21 paveikslų, 9 lentelių. Naudotos literatūros sąrašą sudaro 63 šaltinių. Darbo pabaigoje pateikti 3 priedai.
Thesis abstract (EN)
Work objective: to assess the impact of real estate investment on economic development based on the analysis of selected macroeconomic indicators.
Brief description of work:
This work examines the significance of real estate investment for economic development on a global scale. The first part of the work reviews the concepts of investment and real estate, analyzes their relationship with economic growth, and discusses the main trends in the real estate market, including technological development as well as the growing importance of sustainability and ESG principles in investment decision-making. The next part presents the research model, defines the dependent and independent variables, and describes the applied research methodology. The empirical analysis is based on statistical data provided by international institutions such as the World Bank, UNCTAD, and the International Monetary Fund, while correlation and regression analysis are applied to evaluate the relationship between real estate investment and economic development. The final part of the work presents the results of the empirical research, analyzes the impact of real estate investment on gross domestic product growth and other economic indicators, and formulates the main conclusions and recommendations.
Length of the thesis – 54 pages and includes 21 figures and 9 tables. The list of references comprises 63 sources. Three appendices are provided at the end of the thesis.
Titas Žibas
— Assoc Prof Dr Jurga Naimavičienė
Statistical Analysis of 1-2 Room Apartment Rental Prices in Vilnius City from 2018 to 2023
This Master’s thesis examines the dynamics of 1–2 room apartment rental prices in Vilnius between 2018 and 2023, aiming to identify the key factors influencing changes in this...
Statistical Analysis of 1-2 Room Apartment Rental Prices in Vilnius City from 2018 to 2023
Student:
Titas Žibas
Supervisor:
Assoc Prof Dr Jurga Naimavičienė
Department:
Department of Construction Management and Real Estate
Thesis abstract (LT)
Šiame magistro baigiamajame darbe analizuojama 1–2 kambarių butų nuomos kainų dinamika Vilniaus mieste 2018–2023 m., siekiant nustatyti pagrindinius veiksnius, darančius įtaką šio segmento pokyčiams. Tyrimo aktualumą lemia auganti mažų butų paklausa, intensyvūs demografiniai ir urbanistiniai pokyčiai, pandemijos poveikis, infliacijos šuoliai, palūkanų normų augimas ir energetikos krizė, kurie reikšmingai transformavo nuomos rinką. Teorinėje dalyje nagrinėjama nekilnojamojo turto ir gyvenamųjų patalpų nuomos samprata, trumpalaikės ir ilgalaikės nuomos ypatumai, teisiniai pagrindai bei ekonominiai, socialiniai ir instituciniai veiksniai, lemiantys nuomos kainodarą. Empirinėje dalyje atliekama Vilniaus nuomos rinkos apžvalga, analizuojamos mikrorajonų kainų tendencijos ir pagrindinių makroekonominių rodiklių sąsajos su nuomos kaina. Tyrimui taikyti aprašomosios statistikos, koreliacinės analizės ir dinaminės regresijos metodai, leidę įvertinti NT rinkos aktyvumo, infliacijos, nedarbo, darbo užmokesčio, palūkanų normų ir kitų rodiklių poveikį nuomos kainoms. Rezultatai atskleidė, kad nuomos kainų pokyčius labiausiai lėmė ekonominiai ciklai, darbo rinkos dinamika, palūkanų normų augimas ir pasiūlos struktūros pokyčiai.
Darbą sudaro įvadas, trys pagrindinės dalys, išvados, literatūros sąrašas. Darbo apimtis 71 p., 10 lentelių, 15 paveikslų, 73 literatūros šaltiniai.
Thesis abstract (EN)
This Master’s thesis examines the dynamics of 1–2 room apartment rental prices in Vilnius between 2018 and 2023, aiming to identify the key factors influencing changes in this segment. The relevance of the study is driven by the growing demand for small apartments, demographic and urban development trends, as well as significant market shocks such as the COVID‑19 pandemic, inflation spikes, rising interest rates, and the energy crisis. The theoretical part explores the concept of real estate, the legal framework of residential leasing, characteristics of short‑term and long‑term rental markets, and the economic, social, and institutional determinants of rental pricing. The empirical part provides an overview of the Vilnius rental market, analyses price differences across neighbourhoods, and evaluates the relationship between rental prices and major macroeconomic indicators. Descriptive statistics, correlation analysis, and dynamic regression models were applied to assess the impact of real estate market activity, inflation, unemployment, wages, interest rates, and other variables on rental price dynamics. The findings show that rental price changes were primarily driven by economic cycles, labour market conditions, rising interest rates, and shifts in housing supply.
The work consists of an introduction, three main chapters, conclusions and a bibliography. Work volume: 71 pages, 10 tables, 15
figures and 73 bibliography sources.
Ugnius Pakruopis
— Assoc Prof Dr Laura Tupėnaitė
A Study of the Application of Circular Economy Principles in Real Estate Development
The master’s thesis examines the possibilities of applying circular economy principles in the field of real estate development. The thesis consists of an introduction, three main chapters, conclusions,...
A Study of the Application of Circular Economy Principles in Real Estate Development
Student:
Ugnius Pakruopis
Supervisor:
Assoc Prof Dr Laura Tupėnaitė
Department:
Department of Construction Management and Real Estate
Thesis abstract (LT)
Baigiamajame magistro studijų darbe nagrinėjamos žiedinės ekonomikos principų taikymo galimybės nekilnojamojo turto vystymo srityje. Baigiamąjį darbą sudaro įvadas, trys pagrindinės dėstymo dalys, išvados, literatūros sąrašas ir priedai. Pirmojoje darbo dalyje pateikiama žiedinės ekonomikos samprata, nagrinėjami jos principai bei integravimo galimybės nekilnojamojo turto vystymo procese. Antrojoje darbo dalyje analizuojama užsienio šalių geroji praktika, pristatomi žiedinės ekonomikos principais grįsti nekilnojamojo turto projektai ir apibendrinami jų taikymo aspektai. Trečiojoje darbo dalyje atliekama žiedinės ekonomikos principų taikymo nekilnojamojo turto vystyme Lietuvoje analizė, nagrinėjami pagrindiniai teisės aktai, pateikiami ekspertų apklausos rezultatai ir suformuluojami siūlymai žiediškumo skatinimui nekilnojamojo turto sektoriuje.
Baigiamojo darbo apimtis – 63 puslapiai be priedų, 2 lentelės, 14 paveikslų, 104 bibliografinių šaltinių. Atskirai pridedamas darbo priedas.
Thesis abstract (EN)
The master’s thesis examines the possibilities of applying circular economy principles in the field of real estate development. The thesis consists of an introduction, three main chapters, conclusions, a list of references, and appendices. The first chapter presents the concept of the circular economy, discusses its principles, and explores the possibilities of integrating them into the real estate development process. The second chapter analyzes good practices from foreign countries, presents real estate projects based on circular economy principles, and summarizes the aspects of their application. The third chapter conducts an analysis of the application of circular economy principles in real estate development in Lithuania, examines the main legal acts, presents the results of an expert survey, and formulates recommendations for promoting circularity in the real estate sector.
The thesis comprises 63 pages excluding appendices, 2 tables, 14 figures, and 104 bibliographic sources. A separate appendix is also included.
Arminas Kondratenko
— Assoc Prof Dr Jonas Šaparauskas
Research of the Factors Influencing the Energy Efficiency of the Building
The master's thesis consists of three main parts: literature analysis, methodological part, research part. The literature analysed in the literature analysis is related to the energy efficiency of...
Research of the Factors Influencing the Energy Efficiency of the Building
Student:
Arminas Kondratenko
Supervisor:
Assoc Prof Dr Jonas Šaparauskas
Department:
Department of Construction Management and Real Estate
Thesis abstract (LT)
Baigiamąjį Magistro darbą sudaro trys pagrindinės dalys: literatūros analizė, metodinė dalis, tiriamoji dalis. Literatūros analizėje nagrinėjama literatūra susijusi su pastatų energiniu naudingumu, pasyviaisiais pastatai, pastatų sandarumu, šiluminiais tilteliais, taip pat pastato projektavimo ir statybos metu atsirandančius iššūkius siekiant energiškai efektyvaus pastato. Antrojoje dalyje aprašoma pastato energinio naudingumo skaičiavimo metodika, sandarumo testo atlikimo metodika, apžvelgiama reikiama informacija pastato energinei klasei nustatyti ir teorinėms pastato suvartojamoms metinėms sąnaudoms apskaičiuoti. Trečiojoje dalyje atliekamas teorinis gyvenamojo namo energinio naudingumo ir metinių suvartojamų sąnaudų skaičiavimas pagal apžvelgtą metodiką, taip pat aprašomas atliktas sandarumo bandymas. Aprašomos faktinės suvartotos energijos sąnaudos pastate, atliekamas rezultatų palyginimas ir pateikiamos išvados.
Darbo apimtis – 54 psl. be priedų, 21 paveikslas, 14 lentelių ir 32 literatūros šaltiniai
Thesis abstract (EN)
The master's thesis consists of three main parts: literature analysis, methodological part, research part. The literature analysed in the literature analysis is related to the energy efficiency of buildings, passive buildings, building air tightness, thermal bridges, as well as challenges that arise during the design and construction of a building in order to achieve an energy-efficient building. The second part describes the methodology for calculating the energy efficiency of a building, the methodology for performing air tightness test, reviews the necessary information for determining the energy class of a building and calculating the theoretical annual consumption costs of a building. The third part uses the theoretical calculation of the energy efficiency and annual consumption costs of a residential building according to the reviewed methodology and describes the performed tightness test for the building. The actual energy consumption in the building is described, the comparison of the results is made, and conclusions are presented.
Thesis volume – 54 pages without appendices, 21 figures, 14 tables and 32 references
Arnas Skrindžiauskas
— Prof Dr Audrius Banaitis
Analysis of Causes of Delays in Construction Projects
Delays in construction projects are among the most common challenges in the construction sector, significantly affecting budgets, timelines, and stakeholder reputation. The aim of this master’s thesis is...
Analysis of Causes of Delays in Construction Projects
Student:
Arnas Skrindžiauskas
Supervisor:
Prof Dr Audrius Banaitis
Department:
Department of Construction Management and Real Estate
Thesis abstract (LT)
Statybos projektų vėlavimas – vienas iš dažniausiai pasitaikančių iššūkių statybos sektoriuje, turintis didelę įtaką projektų biudžetui, trukmei bei dalyvių reputacijai. Šio magistro darbo tikslas – išanalizuoti statybos projektų valdymo principus ir nustatyti pagrindines vėlavimo priežastis Lietuvos kontekste. Darbe aptariami projektų valdymo teoriniai aspektai, o empirinėje dalyje atlikta konkretaus statybos projekto – „Teltonika“ technologijų parko – atvejo analizė. Taikant kiekybinį RII (Relative Importance Index) metodą, įvertintos dažniausios vėlavimo priežastys, tarp kurių – finansavimo trūkumai, projektavimo netikslumai, teisinių procedūrų vėlavimai bei darbo jėgos trūkumas. Remiantis tyrimo rezultatais pateikti siūlymai vėlavimų rizikos mažinimui bei projektų valdymo tobulinimui. Tyrimo išvados aktualios statybų sektoriaus dalyviams, politikos formuotojams ir investuotojams.
Darbo struktūrą sudaro įvadas, trys pagrindinės dalys su poskyriais, išvados, siūlymai bei literatūros sąrašas. Darbo apimtis – 62 puslapiai be priedų, 8 paveikslai, 3 lentelės, naudoti 60 literatūros šaltiniai. Prieduose pateikiami papildomi dokumentai.
Thesis abstract (EN)
Delays in construction projects are among the most common challenges in the construction sector, significantly affecting budgets, timelines, and stakeholder reputation. The aim of this master’s thesis is to analyze construction project management principles and identify the main causes of delays in the Lithuanian context. The thesis consists of a theoretical literature review and an empirical case study of the “Teltonika” Technology Park project. Using the Relative Importance Index (RII) method, the study evaluates the most common delay factors, such as insufficient financing, design inaccuracies, legal procedure delays, and workforce shortages. Based on the research findings, recommendations are provided for reducing delay risks and improving project management practices. The results are relevant to construction stakeholders, policymakers, and investors.
The thesis includes an introduction, three main sections with subsections, conclusions, recommendations, and a list of references. The total volume of the thesis is 62 pages excluding appendices, 8 figures, 3 tables, and 60 sources. Additional research materials are included in the appendices.