Lithuania's house prices stabilizing, finally!
This content is archived.
After almost three years of house price falls, the housing market in Lithuania is finally recovering.
The apartment price index for five largest cities rose slightly by 0.1% in October 2011 on the same month last year, according to Ober Haus. However, when adjusted for inflation, house prices are still down by 4.4% over the same period.
In Vilnius, the capital city, property prices rose by 3% to €1,208 per sq. m., according to the preliminary figures from Lithuania’s registry office. On a quarterly basis, property prices fell by 0.8% in Q3 2011, after a 2.2% drop in the previous quarter. House prices in Vilnius are still down by 39.1% from the peak in December 2007.
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