The housing market remains active, but no major changes have been observed

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 0.9% in April 2026. The annual apartment price growth in the biggest cities of Lithuania was 12.1% (a 12.5% increase was recorded in March 2026).

In April 2026 apartment prices in Vilnius, Kaunas, Klaipėda, Šiauliai, and Panevėžys increased by 0.8%, 1.1%, 0.3%, 2.7%, and 0.9%, respectively, with the average price per square meter reaching EUR 3,019 (+24 EUR/sqm), EUR 2,161 (+24 EUR/sqm), EUR 1,950 (+6 EUR/sqm), EUR 1,352 (+35 EUR/sqm) and EUR 1,302 (+12 EUR/sqm).

In the past 12 months, the prices of apartments increased in all the biggest cities in the country: Vilnius – 11.1%, Kaunas – 15.8%, Klaipėda – 10.6%, Šiauliai – 13.3%, and Panevėžys – 11.5%.

“The figures for April of this year show that the country’s housing market remains at its peak of activity. According to data from the Center of Registers, 2.3% more homes (apartments and houses) were purchased in Lithuania in April 2026 than during the same period a year ago. In April of this year, the fastest growth in activity was recorded in the house segment, which saw an annual increase of as much as 14.0%, while 1.4% fewer apartments were sold than a year ago. If we compare the first four months of this year with the same period in 2025, a total of 2.1% more homes were sold in the country.

Persistently high activity in the housing market continues to drive up apartment sales prices in the country’s major cities, though the annual growth rate is stabilizing. While the annual price change in major cities reached a three-year high of 12.5% in February and March 2026, annual price growth slowed to 12.1% in April.

Data on registered transactions show that older apartments account for the majority of transactions, and this segment remains the most popular among buyers. In Vilnius and Kaunas, older apartments account for about three-quarters of all transactions, while in Klaipėda, Šiauliai, and Panevėžys, the share of such apartments exceeds 90%. Compared to newly built apartments in the primary market, older housing remains attractive due to lower prices; however, lower price levels and high demand also drive rapid price growth in this segment. Prices for older but high-quality apartments stand out in particular, as investments in renovations can account for a significant portion of a home’s value. “This is particularly relevant in smaller, lower-priced cities across the country, where investments in improving housing quality—such as a full apartment renovation or the renovation of an entire building—are driving rapid relative growth in housing sales prices,” says Raimondas Reginis, Head of Market Research for the Baltic States at Ober-Haus.

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