Analytics, Lithuania, Real Estate

International Internet Magazine. Baltic States news & analytics Monday, 28.05.2018, 08:12

Lithuania's housing market turnover reaches EUR 378 mln in Q1

BC, Vilnius, 21.04.2017.Print version
Lithuanians spent a total of 378.4 mln euros on home purchases in the first quarter of this year, up 18.9% compared with a year ago, but down by 8.9% q-o-q, according to the non-final figures from the Center of Registers showed on Friday writes LETA/BNS.

The year-on-year increase was mostly due to apartment buyers in the country's major cities in towns, the Center of Registers said in a press release.

Fifty-eight percent of the money spent in the first quarter went to purchase old-build flats, whose prices rose by 1.8% on average compared with the end of last year and was up by 6.3%from the 2016 average annual level.

Prices for new-build flats, meanwhile, slid by 3.7% q-o-q and were down by 1.2% from the 2016 average price.

Prices for new-build houses rose by 2.1% and 1.8%, respectively, and prices for older-build houses were up by 4.6% and 5.5%, respectively.

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