Up to two times the difference in selling prices of the most popular apartments in major cities
“As the level of house prices has been rising slowly and at a similar pace in all the country’s major cities, we can see that, in the longer term, the price differential between the major cities has remained broadly stable. The difference in prices between the national capital and the rest of the major cities can be up to two times higher for a typical house. For example, in November 2024, buyers in the most popular districts of Vilnius paid an average of EUR 103,000 for an old two-room apartment. The property bought for this amount is a tidy or better furnished apartment of 49 sqm in a block of flats built in 1977.
Meanwhile, buyers in Kaunas bought the same dwelling in November this year for an average of EUR 76,000, and in Klaipėda – EUR 70,000. At the same time, in Šiauliai and Panevėžys the price level of the same dwelling is 25-30% lower than in Kaunas and Klaipėda, and almost twice as low as in the capital of the country, i.e. EUR 54,000 and EUR 51,000 respectively.
Old-built housing remains very popular as it is the most affordable for those looking for a home in the city. Although the statistical wages in smaller cities are noticeably lower than, say, in the capital, the opportunities to buy the most popular type of housing are still better. And this is a significant advantage of smaller cities over the country’s largest cities,” says Raimondas Reginis, Ober-Haus Research Manager for the Baltics.
Full review (PDF): Lithuanian Apartment Price Index, November 2024
Latest news
All news
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…
In 2024, Lithuanian investment transactions market slumped by 43%
The general sentiment in the Lithuanian commercial property market in 2024 is well reflected in the volume of investments, which has declined to the levels last seen in 2014. According to the data of Ober-Haus, in 2024, the value of modern cash-flow commercial property (modern office, retail and industrial objects with the value of at least EUR 1.5 million) acquired amounted to EUR 230 million. This means that the annual volume of investments declined by 43% compared to 2023 or 2022. ‘In 2024, only small and medium-sized transactions were recorded in Lithuania, whereas there had been no acquisitions of larger transactions at all. For the first time after a lengthy period, the value of the largest deal did not exceed EUR 30 million‘, said Raimondas Reginis, head of market research for the Baltics at Ober-Haus. According to Ober-Haus, deals up to EUR 10 million in value represented 40% of total investments in Lithuania, whereas deals valued at EUR 10–30 million – the rest (60%). Retail properties attracted the largest share of investments, with investors primarily focusing on supermarkets The largest portion of investments befell to retail properties with EUR 134 million or 58% of all investments in commercial property in Lithuania spent for acquisitions.…
Ober-Haus completes the sale of “Beržų namai” project
A. Juozapavičiaus Street, Kaunas, the last apartment in the project "Beržų namai" was sold, the concept of which was developed and successfully realised by Ober-Haus. All the apartments have already been occupied, and the completion of the project has become a significant event in the rapidly modernising Žemieji Šančiai district. Two apartment buildings have been designed on a plot of almost 0.43 hectares, with 72 two- to three-room apartments of 45-63 square metres. The project includes 41 underground and 32 above-ground parking spaces, bicycle storage and storage rooms, and a private courtyard. "From the very beginning of the sale, we have felt great interest from buyers - the reason for this is both its exceptional location and the lack of quality housing in Kaunas," says Svajūnas Šarauskas, Manager of the Kaunas office of Ober-Haus. The houses were built in the growing and rapidly changing Žemieji Šančiai district, in a quiet and green part of A. Juozapavičiaus Avenue. "Beržų namai has contributed to the development of the area by landscaping the environment, greening and fencing the yard, and installing a children's playground. "Beržų namai has not only added to the landscape of the modernising district, but has also encouraged the…
All news