Apartment market growth over four months jump started sales prices
The Ober-Haus Lithuanian apartment price index (OHBI), which records changes in apartment prices in the five major Lithuanian cities (Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys), increased by 0.3% in September 2020 (0.1% increase was recorded in August 2020). The annual apartment price growth in the major cities of Lithuania was 4.2% (the annual apartment price growth in August 2020 was 4.2%).
In September 2020 apartment prices in Vilnius, Kaunas, Klaipėda and Panevėžys grew by 0.4%, 0.3%, 0.2% and 0.9% respectively with the average price per square meter reaching EUR 1,656 (+6 EUR/sqm), 1,172 (+3 EUR/sqm), 1,142 (+2 EUR/sqm) and EUR 749 (+7 EUR/sqm). In Šiauliai no price changes were recorded and average apartment price remained the same as in August – EUR 762.
In the past 12 months, the prices of apartments grew in all major cities: 4.6% in Vilnius, 3.8% in Kaunas, 2.4% in Klaipėda, 5.7% in Šiauliai and 6.5% in Panevėžys.
“Speaking about sales prices of apartments, it is important to understand that positive news has essentially prevailed in the past four months in the housing market of major cities. The real estate market halted during the lockdown reaching a very low point at which it was not difficult to recover once the economic engine was restarted.
In the context of the housing market, it is important to mention the improved expectations of the population regarding the economic situation of the country as reflected in the consumer confidence index, which has been rapidly on the rise for the fifth consecutive month. According to Statistics Lithuania, the consumer confidence index in the country has increased by 16% in the past five months from minus 16 in April to 0 in September this year (in January-February 2020, the consumer confidence index was positive scoring 3–4).
As a result of the overall improvement in the mood of the buyers, they became actively involved in the housing market and indicators improved. According to the State Enterprise Center of Registers, in the past four months, the number of apartment transactions recorded in five major cities of the country increased by 63%. In September this year, the number of apartments sold exceeded the monthly average of 2019.
In view of the number of transactions concluded for the sale and purchase of apartments and houses in Lithuania, we can see that in September this year a really significant amount of money was poured into the Lithuanian housing market affecting the prices of apartments which slightly increased. Meanwhile, the activity of the housing market and the prices in the coming months will largely depend on further situation concerning the virus and measures of its control. As the first half of this year showed, stricter measures to manage the spread of the virus have an immediately negative impact on the entire real estate market,” Raimondas Reginis, Research Manager for the Baltics at Ober-Haus, said.
Full review (PDF): Lithuanian Apartment Price Index, September 2020
Latest news
All news
The housing market remains active, but no major changes have been observed
The Ober-Haus Lithuanian apartment price index (OHBI), which follows changes in apartment sale prices in the five biggest Lithuanian cities (Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys) increased by 0.9% in April 2026. The annual apartment price growth in the biggest cities of Lithuania was 12.1% (a 12.5% increase was recorded in March 2026). In April 2026 apartment prices in Vilnius, Kaunas, Klaipėda, Šiauliai, and Panevėžys increased by 0.8%, 1.1%, 0.3%, 2.7%, and 0.9%, respectively, with the average price per square meter reaching EUR 3,019 (+24 EUR/sqm), EUR 2,161 (+24 EUR/sqm), EUR 1,950 (+6 EUR/sqm), EUR 1,352 (+35 EUR/sqm) and EUR 1,302 (+12 EUR/sqm). In the past 12 months, the prices of apartments increased in all the biggest cities in the country: Vilnius – 11.1%, Kaunas – 15.8%, Klaipėda – 10.6%, Šiauliai – 13.3%, and Panevėžys – 11.5%. “The figures for April of this year show that the country’s housing market remains at its peak of activity. According to data from the Center of Registers, 2.3% more homes (apartments and houses) were purchased in Lithuania in April 2026 than during the same period a year ago. In April of this year, the fastest growth in activity was recorded in the house…
What does the final office rental price include?
Companies that have decided to move from old offices to modern business centres after many years, or those new to the office rental market, are faced with a model that has been used in this sector for some time. This model is much more detailed than 'price per square metre plus utilities. Ugnė Liaudanskienė, the Ober-Haus office leasing manager, shows businesses looking for new premises what tenants pay for and how they pay for it. As residents and business representatives are much more familiar with the basic principles of apartment rentals, they have similar expectations for offices. Even in old business centres, long-established companies sometimes ask themselves what else could make up the rental price besides the price per square metre, utility bills and perhaps symbolic maintenance costs. Publicly, only the 'bare' rental price per square metre is usually declared. In Vilnius' Class A business centres, this has settled at 16–20 EUR/sq. m this year and is likely to remain so until next year. In Class B centres, it is 10–15.50 EUR/sq. m. According to Ober-Haus data, rental prices for Class A offices in the capital have increased by 17% since the end of 2020 and by 13% for Class…
Lithuania/Vilnius Real Estate Market Report 2026
We present the annual Lithuania (Vilnius) Real Estate Market Review 2026, covering the investment transactions, office, retail, warehouse, residential and land markets. Full report (PDF): Lithuania/Vilnius Real Estate Market Report 2026 [dflip id="76660"][/dflip]
All news