The share of higher-class housing purchases in Vilnius continues to grow. In the first five months of this year, nearly 2400 newly built apartments were sold in the Lithuanian capital, with one of every eight […]
A new apartment in a nice location in Vilnius is no longer a privilege affordable to people with a high level of income only. A two-person family earning an average salary in Vilnius can afford […]
More empty commercial premises in Vilnius’ Old Town — such a choice of spaces have not been seen for a long time. What is happening? The development of Vilnius Old Town, the resurrection of some […]
Lithuanian Government has permitted Kaunas University of Technology (KTU) to sell 5 more unused real estate objects in Kaunas city centre. The buildings, which belong to the State and are being held in trust by the University, will be sold in public auctions. The first of the auctions is planned in October 2018. The funds will be invested into improving study infrastructure. […]
Developers now openly talk that the rise in real estate prices that has been ongoing for a few years and rising sales have declined. Supply continues to rise, but increasingly fewer homes are being purchased […]
Buying or selling real estate is one of the most important financial decisions we will ever make. But it’s so much more than that, it’s the place where we will potentially raise our family, share good times and bad, watch our children grow and watch ourselves grow older. The buying or selling of real estate is, in a very real sense, trading the crucible of our dreams. […]
“The conducted analysis of the 2016 real estate marked by us revealed that while in the beginning of the year house prices increased by 3 pct. nearing the end of the year the number reached […]
Market participants always find explanations why the real estate bubble is not expanding states economist Nerijus Mačiulis. However that it is not happening is displayed not just by various arguments, but also objective metrics. […]
With housing prices having been on the rise for the past five years, demand has kept pace. According to Head of Valuation & Analysis for Ober-Haus Saulius Vagonis and chief economist for Swedbank Nerijus Mačiulis, […]
Vilnius authorities are intent on cracking down on unaccounted property rents. Under a new proposal, brokers will have to register and share information about their contracts with landlords.
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Over the first half of 2016, 22 investment transactions have been made in the Baltic states involving 423,000 square metres of commercial real estate. Among the Baltic states, Lithuania has attracted the least investment, according […]
A survey shows that Lithuanians tend to spend more on homes than people in the other two Baltic countries. Forty-seven percent of Lithuanians prefer living in flats, 34% would choose to live in a cottage […]
Increasingly more Lithuanians decide to invest in second homes for vacation or leisure or even to let, according to real estate company Ober-Haus. “Banks’ funding conditions are attractive, interest rates have reached the lowest point. […]
Burst of the real estate bubble in Sweden would not induce a major financial crisis in Lithuania or the Baltic states, despite their exposure to Scandinavian banking, says Morten Hansen, head of Stockholm School of […]
The mortgage market in Lithuania is showing strong signs of recovery, the Bank of Lithuania says. Growing income, low interest rates and optimistic outlook encourages people to take out loans in order to buy properties. […]
Students coming to study to Vilnius and Kaunas will have to pay up to 10% more in rents than last year. Real estate agents admit that Vilnius landlords are charging about 5% more compared to […]
Only one in five candidates pass the test to become certified real estate brokers, a certification introduced in Lithuania in April. “In Lithuania, there is no legal regulation of the competencies needed to work as […]
The rising home prices do not only affect Vilnius, but other towns in Lithuania as well. The fastest price growth in April-June was registered in Šiauliai, where apartment prices increased by 2.5% compared to a […]
Record-low interest rates and employees’ confidence about their financial future have been heating the Lithuanian real estate market. […]
Over the last three years, rise in apartment rents in Vilnius outpaced the growth of people’s income, statistics show.
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