Lithuania, Real Estate
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Thursday, 18.04.2024, 22:57
In August price of apartments in Lithuania fell by 3.3%
Danuta Pavilenene, BC, Vilnius, 10.09.2009.
Print version
Print versionPrices of apartments in five major Lithuanian cities – Vilnius, Kaunas, Klaipeda, Siauliai, Panevezys – decreased by 3.3% in August 2009, the real estate company Ober-Haus said in its study, based on Lithuanian apartment price index (OHBI), as reported by Verslosavaite.lt/LETA.
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Data show that of the five above-mentioned cities the sharpest fall in apartment prices was observed in Siauliai – by 4.9%, and the smallest was recorded in Klaipeda – by 0.6%.
OHBI demonstrate that during last 12 months prices of apartments in Lithuania fell by 30%, in July as compared to the same months of the previous year prices of apartments decreased by 28%.
Reported price level of Lithuanian apartments has fallen to the level of December 2005.
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