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
In 2025 developers built only half as much as buyers purchased
In 2025, the Lithuanian housing market was characterised by a particularly rapid increase in housing sales volumes in both the secondary and primary markets. According to the Ober-Haus review, a particularly rapid recovery was recorded in the primary market of large cities, where buyers were active in purchasing newly built apartments in completed and newly constructed buildings. Of all the apartments actually built and sold on the primary market, the capital city showed the greatest imbalance in 2025. According to Ober-Haus data, developers in Vilnius built 2,787 apartments for sale in apartment buildings in 2025, which was 8% more than in 2024. Meanwhile, over 5,700 apartments were sold on the primary market in Vilnius during the year, representing an increase of 82%. 'This means that developers actually built half as much as the recorded housing demand. Since the project planning and construction process is lengthy and often takes longer than planned, the rapid recovery of the market has left developers unable to meet demand," says Raimondas Reginis, Ober-Haus's market research manager for the Baltic countries. This situation is unfavourable for both buyers and developers. Buyers have limited choice and face rapidly rising prices, while developers are unable to fully exploit…
Sales of Dubysa Namai apartments in Ariogala have begun
The Dubysos Namai housing project in Ariogala is nearing completion. This five-storey residential building has been developed on a 0.75-hectare plot of land in the picturesque Dubysa Valley. This development will provide much-needed new housing for the town's real estate market, where supply has been extremely limited until now. Sales of the apartments have already begun, and prospective buyers can choose from a range of modern, well-designed homes. First-time homebuyer subsidies are available for young families. The development comprises 89 apartments, each with a storage room and parking space. The development will feature a children's playground, leisure areas, lighting and a gated entrance, creating a safe and comfortable environment for residents. Dubysos Namai offers two to four-room apartments ranging from 55 to 110 m² in size with partial finishing. The first phase of apartments has been completed and is ready for new residents to move in, while the second phase of construction is expected to be finished in Q4 of 2026. Almost all apartments have balconies and the option to install a fireplace, offering panoramic views of the Dubysa Valley. Many buyers are surprised that it is possible to install a fireplace in Dubysos Namai apartments. This is a rare…
The Šiauliai housing market is expected to see a more moderate second half of the year
Although housing prices in Šiauliai rose by 11% in 2025 and remained active at the beginning of this year, the market is expected to stabilise in summer or autumn, according to forecasts by Ober-Haus. According to data from the Centre of Registers, a total of 1,539 apartments and 253 houses were purchased in Šiauliai in 2025, representing increases of 22.9% and 22.4%, respectively, compared to 2024. According to Ober-Haus calculations, the average price of apartments in Šiauliai was €1,273 per square metre at the end of last year, which is 11% higher than a year ago. According to the company's data, the price of typical old apartments in residential areas of Šiauliai currently ranges from €1,200 to €1,800 per square metre, depending on furnishings, location and the condition of the building. Prices for newly built apartments with partial finishing in residential areas range from €2,000 to €2,800 per square metre, whereas in the city centre or the old town, prices per square metre can reach €2,500 to €3,200. Linas Juozaitis, head of the Šiauliai Ober-Haus office, comments that the highest market activity and price growth in the city was observed in the second half of last year, and similar trends…
All news