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Housing prices follow the dynamics of changes in the prices of basic consumer goods and services
Ober-Haus Apartment Price Index for Lithuania (OHBI), which captures changes in apartment prices in the five largest Lithuanian cities (Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys), increased by 0.4% in June 2024. The overall level of apartment prices in Lithuania’s major cities has grown by 3.3% over the last 12 months (annual growth of 2.7% in May 2024). In June 2024, the sales prices of apartments in Vilnius, Kaunas, Šiauliai and Panevėžys grew by 0.5%, 0.7%, 0.9% and 0.3%, respectively, and the average price per square metre amounted to EUR 2,615 (+12 Eur/m²), EUR 1,778 (+12 Eur/m²), EUR 1,131 (+11 Eur/m²) and EUR 1,103 (+3 Eur/m²). Meanwhile, Klaipėda recorded a 0.1% decrease in apartment prices in June, with the average price per square metre amounting to EUR 1,687 (-2 Eur/m²). Over the year (June 2024 compared to June 2023) apartment prices increased in all major cities of the country: in Vilnius - 2.5%, in Kaunas - 3.2%, in Klaipėda - 5.3%, in Šiauliai - 4.9%, and in Panevėžys - 4.2%. "Looking at the sales price curve for housing in major cities in recent years, it can be seen that it is broadly in line with the price dynamics of consumer goods…
Real estate markets in the Baltic countries are experiencing varying degrees of difficulties, yet at the same time opening up opportunities for the most active participants
The year 2023 was full of challenges for the real estate markets of the Baltic countries showing some early signs of this back in 2022. Last year, Baltic countries saw an economic slowdown, declining activity in the residential and commercial real estate market, rising number of unsold apartments, higher office vacancy rates and slowing construction volumes. According to the Ober-Haus annual Real Estate Market Report on the capital cities of the Baltic countries, it is clear that the sentiment of homebuyers, businesses and investors alike has slumped and confidence in the Baltic real estate market as a whole has further eroded. While the general sentiment of the real estate market participants is similar across the Baltic countries, the overall impact of global factors (Russia-Ukraine war, high inflation, interest rate hikes) differs to a varying degree. “Since the real estate market in Latvia and its capital city has lacked fast growth in the last five years, the impact of the current challenges is not as tangible as in other countries,” Raimondas Reginis, Head of Market Research for the Baltics at Ober-Haus, said. Meanwhile, real estate markets in Estonia and Lithuania experienced an investment boom in the aftermath of Covid-19, resulting in…
First positive signs in the housing market, but faster recovery may have to wait
Ober-Haus Apartment Price Index for Lithuania (OHBI), which captures changes in apartment prices in the five largest Lithuanian cities (Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys), increased by 0.1% in May 2024. The overall level of apartment prices in Lithuania’s major cities has grown by 2.7% over the last 12 months (annual growth of 2.8% in April 2024). In May 2024, the sales prices of apartments in Klaipėda, Šiauliai and Panevėžys grew by 0.5%, 1.0% and 1.2%, respectively, and the average price per square metre amounted to EUR 1,689 (+8 Eur/m²), EUR 1,120 (+11 Eur/m²) and EUR 1,100 (+13 Eur/m²). Meanwhile, Vilnius recorded a 0.1% decrease in apartment prices in May, with the average price per square metre amounting to EUR 2,603 (-2 Eur/m²). In Kaunas, the average price per square metre remained unchanged at EUR 1,766 per square metre. Over the year (May 2024 compared to May 2023), apartment prices grew in all major cities of the country: in Vilnius – by 1.8%, in Kaunas – by 2.7%, in Klaipėda – by 5.2%, in Šiauliai – by 4.0%, and in Panevėžys – by 4.1%. "It can be said that the Lithuanian housing market has already reached its lowest point of…
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Vilniaus Džiazas
K. Vanagėlio str., Oldtown, Vilnius
This is a housing project, changing the access to the Old Town and harmoniously integrating into the historic center of Vilnius – just a few minutes to the Gates of Dawn, Barbakanas Hill. Exclusive apartments in Vilnius Old Town invite residents to discover the highest standards of living quality
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Gardino 22
Gardino str., Rasos, Vilnius
Created sustainably and with great respect for the environment, a small 15-apartment residential building is developed for those who want to feel a connection with nature. Spacious and rational apartment layouts, large balconies, and terraces will allow you to enjoy quality relaxation, forgetting about the daily chores and worries.
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Sidaronių namai
Sidaronių str., Pilaitė, Vilnius
A new cozy and small apartment and cottage project Sidaronių namai is being developed in the western part of Vilnius. We offer 2 and 3-room apartments with balconies or terraces and 113.99 m² and 112.34 m² cottages with a yard.
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Beržų namai
A. Juozapavičiaus str., Žemieji Šančiai, Kaunas
A residential project designed for the modern urban dweller, allowing to enjoy a balanced flow of life. Settle in an exclusive location in Kaunas and enjoy the true prestige of our times – the opportunity to guarantee peace, safety, and comfortable living for yourself and your family.
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eMarketCity
Eišiškių pl., Kirtimai , Vilnius
The online and wholesale shopping town eMarketCity is oriented towards medium and small businesses that are looking for warehouse, office, and commercial spaces in one place. In a 3.9 ha territory, 7 buildings are being developed, totaling over 20,000 m² of spaces that can be adapted to specific business needs.
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Liepų parko namai
J. Janonio str., Kačerginė
This is a project of two A++ class twin houses in the resort town of Kačerginė, in a quiet location in front of the Liepų Park. The project includes houses with an area of 147 m² with outdoor terraces and 4.2 a courtyards.
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Baltics Real Estate Market Report 2024
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