Lithuania, Real Estate
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Friday, 26.04.2024, 21:06
Ober-Haus: real estate prices grew in Vilnius, but fell in Kaunas, Klaipeda and Siauliai in April
Danuta Pavilenene, BC, Vilnius, 19.05.2011.
Print version
Print versionThe residential real estate markets in the Baltic and parts of Eastern Europe, i.e. in Lithuania, are showing some signs of recovery with certain areas recording price increases and a rise in the number of new properties being built, IBTimes reports.
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Last month apartments prices in Vilnius increased by 0.7% and the average price has now rise to 1,200 euros per square meter, according to the Ober-Haus Baltic Apartment Price Index. It also shows that the annual price change in Vilnius has increased to 3.6%, but since the peak of the market in December 2007 apartment prices in the city have dropped by 39.5%, informs LETA/ELTA.
A slight fall in prices was recorded in April in other cities in Lithuania. Kaunas, Klaipeda, and Siauliai saw price drops of 0.4%, 1.0%, and 1.2% respectively. No changes were recorded in Panevezys.
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