The fastest increase in apartment prices over a decade may be recorded in 2019
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 0.4% in October 2019. The annual apartment price growth in the major cities of Lithuania was 6.2% (the annual apartment price growth in September 2019 was 6.3%).
In October 2019 the largest price increase was recorded in Klaipėda, where prices increased by 0.9% with the average price per square meter reaching EUR 1,126 (+10 EUR/sqm). Apartment prices in Kaunas, Panevėžys and Vilnius in October grew by 0.7%, 0.4% and 0.3% respectively with the average price per square meter reaching EUR 1,137 (+7 EUR/sqm), 705 (+2 EUR/sqm) and EUR 1,588 (+4 EUR/sqm). In Šiauliai no price changes were recorded and average apartment price remained the same as in September – EUR 721.
In the past 12 months, the prices of apartments grew in all major cities: 5.8% in Vilnius, 6.6% in Kaunas, 4.9% in Klaipėda, 9.6% in Šiauliai and 10.3% in Panevėžys.
“In 2019, the housing market in the country‘s major cities continued to be very active and prices continued their fast way up. Looking at the apartment price changes over the past decade, this year is exceptional as price increase has been recorded not only in the capital city, but also in other major cities. An increase of 6.2% in the past 12 months in apartment prices is likely to remain until the end of the year. If there are no negative price changes in November and December, we will record the largest annual price increase over the decade. The highest price increase of 5.5% was recorded in five major cities in 2016 (in December 2016 compared to December 2015),” Raimondas Reginis, Research Manager for the Baltics at Ober-Haus, said.
Full review (PDF): Lithuanian Apartment Price Index, October 2019
Latest news
All news
Optimism continues to support housing price growth
The August 2026 value of the „Ober-Haus“ Lithuanian Apartment Price Index (OHBI), which tracks apartment price changes in the five largest cities in Lithuania (Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys), increased by 1.8%. Over the past 12 months, the overall apartment price level in Lithuania’s major cities rose by 13.7% (in July 2026, annual growth stood at 12.9%). In August 2026, apartment sale prices in Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys increased by 1.6%, 2.1%, 2.3%, 1.0% and 1.3%, respectively. The average price per square metre reached €3,170 (+€50/m²), €2,300 (+€47/m²), €2,080 (+€48/m²), €1,429 (+€14/m²) and €1,393 (+€18/m²), respectively. Over the year (August 2026 compared with August 2025), apartment prices increased in all major cities across Lithuania: by 12.7% in Vilnius, 16.4% in Kaunas, 12.9% in Klaipėda, 15.8% in Šiauliai and 14.6% in Panevėžys. “Despite considerable expectations regarding the impact of the second-pillar pension reform and changes to the Responsible Lending Regulations on the Lithuanian housing market, we have not observed a significant surge in market activity recently. According to data from the State Enterprise Centre of Registers, 2.5% more apartments and houses were purchased in Lithuania this August than in the same month last year, but 4.7% fewer than…
New residential development “Keturlapio skveras” completed in Didieji Gulbinai
A new residential development, “Keturlapio skveras”, has been completed in Didieji Gulbinai, Vilnius, next to Verkiai Regional Park and Lake Gulbinas. The project, located on Sėkmės Street, comprises 24 A++ energy-class semi-detached homes, with sales progressing actively. The development features four- and five-bedroom, one- and two-storey homes ranging from 130 to 170 sq. m, set on plots of 6 to 9 ares. The homes are being sold with partial finishes, completed terraces and fully landscaped surroundings. “Keturlapio skveras” has been designed as a cohesive, gated residential development. The site will be fenced, with controlled access, street lighting and a video surveillance system. The internal road ends in a cul-de-sac, ensuring that there is no through traffic within the development. Residents will also have access to an 18-are recreational park featuring illuminated pathways, a children’s playground and a landscaped leisure area. “This project is aimed at buyers looking for a premium home who value a thoughtfully planned environment, proximity to nature and a strong sense of community. Here, it is not just about the house and its plot – the project also creates the infrastructure of the entire development and a shared recreational space. Particular attention has been paid to the…
New residential development “Santariškių ŠILAS” under construction in Santariškės
A new residential development, “Santariškių ŠILAS”, is under construction in Santariškės, Vilnius, next to Verkiai Regional Park. Two three-storey buildings are being developed at 60 Santariškių Street, with just 36 apartments in total. The project is surrounded by forest on three sides, making one of its key features the private and peaceful setting close to nature. “Santariškių ŠILAS” will offer two- and three-room apartments ranging from 37 to 75 sq. m. Each apartment will have either a balcony or terrace, while floor-to-ceiling windows will offer views of the surrounding greenery. The project is aimed at buyers looking for a small, close-knit residential community and a peaceful lifestyle close to nature, while still wanting convenient access to the city’s infrastructure and transport links. “When choosing a new home, buyers are increasingly looking beyond the neighbourhood and the size of the property to consider the immediate surroundings of the building. The defining feature of this project is very clear – two small buildings, just 36 apartments and a forest right outside the windows. Finding this combination of privacy, nature and urban convenience in Vilnius is not easy,” says Marius Čiulada, Head of Sales for the project. A small community with solutions designed…
All news