Analytics, Lithuania, Real Estate, Society

According to the survey, only 5% of Lithuanians live in newly built homes. 9% live in homes built 11-20 years ago. Meanwhile, homes of the majority of people, 46%, were built 21-40 years ago.

80% of the polled said they or their relatives were owners of housing they lived in.

41% of the respondents noted the need for minor repairs. 21% said their housing needed major repairs. Repairs were not topical to 30% of the polled as they recently had their homes repaired or lived in newly built housing. Interestingly enough, 2% of the respondents indicated buildings they lived in were in emergency condition, thus repairs would not be worthwhile.

50% of the polled indicated that the state of walls and floors of their home was in the worst condition. 30% said that sanitary ware and plumbing equipment was in the worst condition. 18% said they needed to buy new furniture and household appliances, 17% would have doors and windows replaced, 15% would have new heating system and 14% new electrical wiring fitted.

28% of people would give priority to repair the kitchen, 26% – a living room and 23% – a bedroom.

Nearly half of the respondents said EUR 3,000 would be sufficient for minor repairs and 23% thought EUR 1,000 would be enough.

15% of the polled stated they would borrow money to have their housing repaired. 44% of them would borrow from a bank, 35% – from friends and relatives.

According to Swedbank, 35-40% of consumer credit agreements are concluded to cover the cost of housing repairs.

The survey was commissioned by Swedbank and conducted by pollster Spinter Tyrimai on 15-22 March 2015. 1,011 respondents were polled.