Lithuania's property market recovering
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Lithuania’s property market is now recovering, amidst healthy economic growth. House prices are gradually rising. Demand is surging. Construction activity is rising again.
The apartment price index for Lithuania’s five major cities (Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys) increased by 2.88% (2.68% inflation-adjusted) during the year to end-Q1 2014, based on figures released by Ober Haus Real Estate Advisors. This was the second quarter of annual house price increases, after rising by 1.12% (0.76% inflation-adjusted) year-on-year in Q4 2013.
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