Positive movements in apartment prices in January
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 0.6% in January 2020. The annual apartment price growth in the major cities of Lithuania was 7.6% (the annual apartment price growth in December 2019 was 7.2%).
In January 2020 apartment prices in the capital grew 0.4% with the average price per square meter reaching EUR 1,623 (+7 EUR/sqm). Since the last lowest price level recorded in May 2010 prices have increased by 40.6% (+469 EUR/sqm). Apartment prices in Kaunas, Klaipėda, Šiauliai and Panevėžys in January grew by 0.9%, 0.4%, 0.9% and 1.1% respectively with the average price per square meter reaching EUR 1,159 (+10 EUR/sqm), 1,141 (+4 EUR/sqm), 748 (+6 EUR/sqm) and EUR 735 (+8 EUR/sqm).
In the past 12 months, the prices of apartments grew in all major cities: 7.1% in Vilnius, 7.6% in Kaunas, 6.2% in Klaipėda, 12.2% in Šiauliai and 13.9% in Panevėžys.
‘The year 2020 started in the Lithuanian real estate market with yet unseen optimism. According previous years, the January of 2020 was the most dynamic in history recording 2,865 apartment and 910 house purchase transactions – more than in January of any other year. If compared with January of 2019, the number of apartment deals in the country increased by 11 per cent, and, respectively, by 25 per cent in house purchase transactions.
For Vilnius this January was the most successful historically: 1,066 apartments and 96 houses sold in the city, respectively, by 10 and 55 per cent more than last January. In Kaunas the first month of the year was record-breaking if compared with the January of previous years both in terms of apartment and house sales deals. However in Klaipėda, Šiauliai and Panevėžys this January did not really perform that well, as fewer apartment and house sale transactions were concluded than last year. However, the general mood of buyers in all Lithuanian cities is expressly optimistic, so it is not surprising that at the beginning of this year all of the cities recorded a rise in apartment prices’, said Saulius Vagonis, Head of Valuation & Analysis at Ober-Haus.
Full review (PDF): Lithuanian Apartment Price Index, January 2020
Latest news
All news
“e-market city” completes its second phase – the development of a modern “stock office” type shopping town continues
"e-market city", an online and wholesale shopping town located in a business-friendly location at the intersection of Eišiškių pl. and Geologų Street, is rapidly approaching the end of its second phase. The final construction works are currently underway and the first tenants of the new phase are preparing to move in as early as June-July. "The predominant floor areas of e-market city - ranging from 370 to 960 m² - are easily combinable and adaptable to a wide range of commercial activities. Existing and potential tenants appreciate the easy accessibility, high quality of construction and fitting-out, functional layout and solid neighbourhood, where well-known companies such as Assa Abloy, Dextera, Skuba, Skuba, Maidina, Šildymas plius, YE International, etc. are already located. The first phase is already 100% leased, while the second phase is still available - we invite you to get in touch", says Remigijus Valickas, Commercial Real Estate Projects Manager at Ober-Haus. The project is being developed in three phases on an area of 3.9 ha. The total area of the buildings will exceed 20,000 m² and the total investment in the project will amount to more than EUR 25 million. For more information about the project and leasing opportunities,…
The recovery of a very strong-looking housing market may slow down
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 0.5% in March 2025. The annual apartment price growth in the biggest cities of Lithuania was 4.3% (a 4.1% increase was recorded in February 2025). In March 2025 apartment prices in Vilnius, Kaunas, Šiauliai and Panevėžys increased by 0.4%, 1.3%, 0.4% and 0.2%, respectively, with the average price per square meter reaching EUR 2,680 (+10 EUR/sqm), EUR 1,846 (+24 EUR/sqm), EUR 1,172 (+4 EUR/sqm) and EUR 1,149 (+2 EUR/sqm). In the same month, apartment prices in Klaipėda decreased by 0.1% and the average price per square meter dropped to EUR 1,752 (-2 Eur/sqm). In the past 12 months, the prices of apartments increased in all the biggest cities in the country: 3.3% in Vilnius, 5.6% in Kaunas, 5.4% in Klaipėda, 6.5% in Šiauliai and 6.4% in Panevėžys. "At the beginning of 2025, the country's housing market is showing impressive results. After a very strong growth in housing transactions in January and February this year, the increase in the number of transactions continued in March. According to the data of the State Enterprise…
Housing market has woken up, but no faster price growth yet
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 0.4% in February 2025. The annual apartment price growth in the biggest cities of Lithuania was 4.1% (a 4.0% increase was recorded in January 2025). In February 2025 apartment prices in Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys increased by 0.3%, 0.1%, 0.8%, 0.8% and 0.9%, respectively, with the average price per square meter reaching EUR 2,670 (+7 EUR/sqm), EUR 1,822 (+2 EUR/sqm), EUR 1,754 (+13 EUR/sqm), EUR 1,168 (+10 EUR/sqm) and EUR 1,147 (+10 EUR/sqm). In the past 12 months, the prices of apartments increased in all the biggest cities in the country: 3.2% in Vilnius, 4.1% in Kaunas, 6.2% in Klaipėda, 6.6% in Šiauliai and 6.7% in Panevėžys. ‘As predicted, a rapid annual growth in the number of housing transactions is recorded at the beginning of 2025. According to the data of the State Enterprise Centre of Registers, 40% more apartments were purchased in the country in January this year and 39% more in February this year than in the same month in 2024. It should be noted that in the…
All news