Vilnius apartment prices up for eighth month in a row
The Ober-Haus Lithuanian apartment price index (OHBI) shows that in September 2013 apartment prices in the five major Lithuanian cities (Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys) increased by 0.1%. The same increase was recorded in August. This increase decreased the annual rate of decline to 0.1% and it was the smallest negative annual decline during last 22 months.
Positive index change in September was influenced by raised apartment prices in Vilnius and Šiauliai. During the first month of autumn prices grew by 0.2% in capital. This is the eighth month in a row, when price growth is observed in Vilnius. The average apartment price reached 1,204 EUR (+3 EUR/sqm). During a year apartment prices in capital increased by 1.2%, and since the last lowest price level (May 2010) have raised 4.3% (+50 EUR/sqm). 0.4% price increase was recorded in Šiauliai in September; the average apartment price reached 550 EUR (+2 EUR/sqm).
In September a decrease of 0.2% of apartment prices was recorded in Kaunas and Klaipėda, the average price per square metre dropped to 931 EUR (-2 EUR/sqm) and 956 EUR (-2 EUR/sqm). Apartment prices in Panevėžys haven‘t change and remained the same as in August – 515 EUR/sqm.
Latest news
All news
The warehouse sector is experiencing a period of rapid renewal
[caption id="attachment_70209" align="aligncenter" width="1440"] Coca-Cola HBC Lietuva warehouse, photo by SIRIN Development[/caption] According to an Ober-Haus review, a decline in revenues is already being recorded for the period 2024-2025, despite the performance of warehousing and transport companies in Lithuania reaching record highs in 2023. According to the State Data Agency, the sales revenues (excluding VAT) of warehousing and storage companies in Lithuania in the first quarter of this year totalled EUR 70 million — 10.7% lower than in the same period of 2024. "Meanwhile, investment in new warehouse construction remains very strong, suggesting that the sector is undergoing a period of renewal as older warehouses, built 15–25 years ago, often fail to meet the current needs of companies," says Raimondas Reginis, research manager for the Baltics at Ober-Haus. Following a period of record expansion in 2024, five new mixed-use projects were constructed in Vilnius and its surrounding area in the first half of 2025, with a total warehouse area of 70,500 sqm. Projects of various sizes and concepts were completed by companies such as Transekspedicija, Sirin Development, Darnu Group, Transtira and Galio Group. According to Ober-Haus estimates, the total warehouse space in Vilnius and its surroundings increased by 7% to…
The options available to office tenants are increasing and rents are remaining stable
[caption id="attachment_70135" align="aligncenter" width="2560"] Avion Express office, Donaldas Žvybas photo[/caption] According to the Ober-Haus review, no major changes were recorded in the modern office sector in the first half of 2025, and it can be said that offices in the country's largest cities are experiencing a relatively quiet period. "Vilnius, the largest of the country's major cities, has seen very little growth, with only one major new building opening in the first half of the year,” said Raimondas Reginis, research manager for the Baltics at Ober-Haus. The third office building has opened on the aviation corporate campus developed by Avia Solutions Group near Vilnius Airport, which houses the airline Avion Express. Tenants are already moving into the newly reconstructed building on Vilniaus Street, as well as the recently completed building on St. The new building on Vilnius Street is nearing completion. According to Ober-Haus estimates, these three projects have added a total of around 10,000 sqm of usable office space to the capital's market. The total area of modern office space in Vilnius grew by less than 1% in the first half of this year, reaching 1,194,000 sqm. "Following the increase in vacancy rates in 2023 and 2024, we have…
Rising house prices are not putting buyers off – transaction volumes remain strong
[caption id="attachment_69929" align="aligncenter" width="2048"] Edita Juočytė, Investment and Analysis Project Manager at Ober-Haus[/caption] The housing market continues to be boosted by loosening monetary conditions, positive population expectations and the outlook for price growth, as reflected in real transaction numbers. According to data from the State Enterprise Centre of Registers, an average of around 3,100 flats and 1,100 houses were registered for sale and purchase transactions per month in Lithuania in the second quarter of 2025, which is 27% and 17% more than in the same period of the previous year, respectively. Compared to the first quarter of this year, the total number of registered apartment and house transactions increased by 9% in Vilnius, 12% in Kaunas, 5% in Klaipėda and 4% in Šiauliai. In Panevėžys, housing market activity remained stable with 320 transactions in both quarters of the year. The increasing activity of homebuyers creates favourable conditions for house price growth. According to Ober-Haus, apartment prices in the country's major cities grew by 6.7% year on year at the end of the first half of 2025. In the second quarter of this year, apartment prices increased in all major Lithuanian cities: by 1.4% in Vilnius, by 3.3% in Kaunas, by…
All news