In a striking example of the demographic problems facing Lithuania’s small villages, a woman in Viešvilė is giving away an apartment she owns for free after failing to find any buyers.
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Rasa Budbergytė, Lithuania’s former representative at the European Court of Auditors, has been appointed as the country’s new finance minister.
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Over the last three years, apartment rent prices in Vilnius have gone up by almost a third. Real estate experts confirm that the constant formation and expansion of new service centres has contributed to the changes.
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The Lithuanian summer has seen growing activity in the apartment rental market.
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A Lithuanian company has developed a digital house rent platform, saying it will help cut the costs of such transactions. “If the two parties sign a contract that involves a real estate agency, the total […]
Lithuanians are increasingly looking to buy houses and sites as standalone house and land sales grew in Lithuania in May, according to the Centre of Registers. […]
While banks in Lithuania are resilient enough to possible shocks in the financial markets, a possible burst of the real estate bubble in Scandinavia presents a potential hazard, according to Lithuania’s central bank. […]
With glaring signs of overheating in Sweden‘s real estate market, Lithuanian experts offer contrasting opinions about whether a bust in Sweden would send ripples across the Baltic Sea. Lithuania’s banking sector is dominated by Scandinavian […]
Property prices in Vilnius are still 38.7% below their pre-crisis peak before a housing bubble burst with the financial crisis, only Tallinn of the Baltic capitals has seen its prices recover to near pre-crisis levels. […]
Real estate experts claim that more and more people in Kaunas are moving from the suburbs to the city’s centre, a trend that previously had only been seen in Vilnius. In the beginning of the […]
Lithuanian construction industry revenue contracted 3.5% last year, to total €2.5 billion, Verslo Žinios reports. The contraction is largely down to fewer large-scale public contracts, which is why construction companies focusing on government projects took […]
Modern office prices in Vilnius are among the lowest in Europe capitals and centres of commerce. The average price of modern high-end office space Vilnius was the second lowest of the 39 cities assessed in […]
The beginning of spring in Lithuania’s real estate market has been intense with 23% more deals concluded in March than the previous month. […]
The real estate agency Citus is merging with RE/MAX Lietuva to form the biggest real estate firm in Lithuania with over 220 agents. […]
A Lithuanian needs to spend nearly 80% of the average wage to rent a one-room apartment in the centre of Vilnius, much higher than the proportion that people in other Baltic States have to spend. […]
Lithuania’s residential property prices fell 2.1% in the fourth quarter of 2015, according to data from Statistics Lithuania. […]
Investment in residential real estate in Lithuania last year bounced back to levels last seen in 2007, the year before the financial crisis set in, bursting what was then seen as a real estate bubble. […]
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