The housing market is showing the first signs of stabilization

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 March 2026. The annual apartment price growth in the biggest cities of Lithuania was 12.5% (a 12.5% increase was recorded in February 2026).

In March 2026 apartment prices in Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys increased by 0.3%, 0.5%, 0.3%, 1.0% and 1.7%, respectively, with the average price per square meter reaching EUR 2.995 (+9 EUR/sqm), EUR 2.137 (+11 EUR/sqm), EUR 1.944 (+6 EUR/sqm), EUR 1.317 (+13 EUR/sqm) and EUR 1.290 (+22 EUR/sqm).

In the past 12 months, the prices of apartments increased in all the biggest cities in the country: 11.7 % in Vilnius, 15.8% in Kaunas, 11.0% in Klaipėda, 12.3% in Šiauliai and 12.2% in Panevėžys.

“Data on housing market activity for February and March of this year indicate that, after a year and a half of growth, the market has peaked and the first signs of a slowdown are beginning to emerge. According to data from the Center of Registers, 6.2% fewer apartments were purchased in Lithuania in February 2026, and 7.5% fewer in March, compared to the same period a year ago. Although the housing market remains active, it is becoming increasingly difficult to surpass the results of 2025. Last year, housing market activity grew by more than a fifth and reached one of the highest levels in history.

Meanwhile, apartment sales prices in the country’s major cities continue to rise steadily, but it appears that the pace of price growth has peaked—in March 2026, the annual price change remained the same as in February, at 12.5%. With housing prices rising and wage growth slowing, residents’ ability to purchase their desired home has not improved significantly in recent times. As a result, buyers are increasingly looking for simpler but cheaper housing. Recent events in the Middle East have caused both inflation and interbank interest rates to rise, which also reduces buyers’ purchasing power and leads to a decline in their sentiment. For example, in March of this year, the consumer confidence index fell by 4 percentage points, as residents took a more pessimistic view of the country’s economic outlook.

However, despite various challenges, it is likely that the country’s housing market will remain active in the near term, especially considering the number of people who have already withdrawn from the second pension pillar and the funds that have returned to their accounts, some of which could be directed toward the real estate market,” says Raimondas Reginis, Head of Market Research for the Baltic States at Ober-Haus.

Full report (PDF): Lithuanian Apartment Price Index, March 2026