Housing price increase is gaining momentum
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 1.9% in March 2021 (0.9% increase was recorded in February 2021). The annual apartment price growth in the major cities of Lithuania was 7.2% (the annual apartment price growth in February 2021 was 5.3%).
In March 2021 apartment prices in the capital grew 2.2% with the average price per square meter reaching EUR 1,766 (+38 EUR/sqm). Apartment prices in Kaunas, Klaipėda, Šiauliai and Panevėžys in March grew by 1.2%, 1.6%, 2.7% and 2.4% respectively with the average price per square meter reaching EUR 1,224 (+15 EUR/sqm), EUR 1,211 (+19 Eur/sqm), 831 (+22 EUR/sqm) and EUR 813 (+19 EUR/sqm).
In the past 12 months, the prices of apartments grew in all major cities: 7.8% in Vilnius, 4.9% in Kaunas, 6.2% in Klaipėda, 10.4% in Šiauliai and 10.5% in Panevėžys.
“At the end of 2020/start of 2021, it seemed that after a sluggish period in mid-2020, we saw an instantaneous sales price rise, yet the performance in March 2021 shows that the price increase is accelerating. Looking at historical data, the monthly almost 2% increase in apartment prices is exceptional, because the last time such a monthly increase was recorded in the country’s cities only in 2007. The relatively high overall price change in March was due to the faster rise in prices in all major cities across various apartment segments.
This year we can see a faster increase in apartment prices in the segment of new housing. For example, in Q1 2021 the prices of older apartments in Vilnius, Kaunas and Klaipėda increased by 2.7–3.8% and the prices of new apartments in these cities increased by 3.7–4.9%. Every day, we witness rapid increase in the expectations of sellers and how the increasing prices of apartments still attract buyers. In particular, this is obvious in the new apartment segment, where there is a supply shortage at the moment and developers are sometimes unable to respond to the changing market situation. As a result, buyers looking for new homes in Vilnius face challenges. Due to the lack of apartments in already completed projects, they are forced to choose apartments in the planned projects or projects that have recently started.
The rising apartment prices in the cities are not exclusive to Lithuania. Similar trends can be observed across Europe. According to Eurostat, in Q4 2020, a total annual increase of 5.7% in home sales prices was recorded in 27 EU countries, which is the fastest increase since 2007.
This year’s record-breaking transactions for the acquisition of new homes in the capital city give reason to predict even faster increase in home prices later when the transactions are finalized and official statistics will record impressive amounts of cash. Thus, looking at the current situation in the European and Lithuanian housing market, it seems that the price increase is gaining momentum,” Raimondas Reginis, Research Manager for the Baltics at Ober-Haus, said.
Full review (PDF): Lithuanian Apartment Price Index, March 2021
Latest news

The return of buyers to the housing market has caused prices to rise more quickly
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 0.7% in June 2025. The annual apartment price growth in the biggest cities of Lithuania was 6.7% (a 6.4% increase was recorded in May 2025). In June 2025 apartment prices in Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys increased by 0.6%, 1.0%, 0.9%, 0.5% and 0.7%, respectively, with the average price per square meter reaching EUR 2,768 (+17 EUR/sqm), EUR 1,926 (+19 EUR/sqm), EUR 1,816 (+16 EUR/sqm), EUR 1,212 (+7 EUR/sqm) and EUR 1,192 (+8 EUR/sqm). In the past 12 months, the prices of apartments increased in all the biggest cities in the country: 5.8% in Vilnius, 8.4% in Kaunas, 7.6% in Klaipėda, 7.2% in Šiauliai and 8.1% in Panevėžys. "The country's housing market is showing an impressive recovery this year, characterised by increased sales volumes and accelerated price growth. Although the number of housing transactions fell by 13% in June compared to May, the annual growth rate remains in double digits. According to data from the State Enterprise Centre of Registers, the number of houses purchased in June this year was 13%…

What impact will the rising cost of parking in Vilnius have on office workers?
[caption id="attachment_69748" align="aligncenter" width="2000"] Ugnė Liaudanskienė, Office Leasing Manager at Ober-Haus[/caption] In Vilnius, the 66% increase in the cost of short- and long-term on-street parking from 1 July will inevitably lead to higher prices at offices and private car parks. However, as the desire to drive to work remains strong, the new prices will primarily result in additional costs and inconvenience, or the need to find ingenious solutions. Despite aspirations to promote the sustainable movement of people in cities, the Vilnius office market shows that this is not yet being achieved. Although 'parking' is not a decisive factor in Ober-Haus' office negotiation practice, it is certainly one of the most important issues for tenants. It is not a matter of personal whims or privileges of managers — in a competitive labour market, companies are simply trying to meet the real needs of their employees. The cost of land, changing regulations and design considerations mean that the number of parking spaces near business centres is actually decreasing. Just two decades ago, large developers could build large multi-storey car parks in central business districts and allow tenants to park for free, with a limit on the number of spaces per company. According…

A new housing project Pašilaičių SOLO has been launched in the northern part of the Pašilaičiai
Construction has started on a new residential project called Pašilaičių SOLO in the northern part of Pašilaičiai in Vilnius. This five-storey apartment building, which has only 40 apartments, is distinguished by its cosy atmosphere, well-designed dwellings, and extremely convenient city location. This project is ideal for those looking for a comfortable, quiet city life. The smaller population, highest energy class A++ rating, underfloor heating and tidy surroundings create the feeling of a sustainable, quality home. Every detail has been considered to ensure the comfort of modern residents, from the home's layout to the provision of everyday conveniences," says Marius Čiulada, the project's Sales Manager. Buyers can choose from one- to four-room apartments (from 31 to 77 m²), all of which have balconies or terraces. The apartments are sold with partial finishing, but buyers also have the option of full finishing. Underground and surface parking spaces are planned for cars and electric vehicles, as well as storage facilities. The courtyard will feature a seating area and a children's playground. The Pašilaičių SOLO project is being implemented by UAB Hiltus, an experienced general contracting company that ensures quality and durable solutions at every stage of construction. The Ober-Haus team is responsible for…