Prices are rising in Vilnius; rental yields are moderately good at around 5.5%

Last Updated: Oct. 10, 2018
VILNIUS CENTER - Apartment COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
50 sq. m. 96,250 489 6.10% 1,925 9.78
120 sq. m. 259,560 1,166 5.39% 2,163 9.72
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Districts researched: Antakalnis, Naujamiestis, Senamiestis, Uzupis and Zverynas
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

In Vilnius, rental yields are about the same this year as two years ago, or maybe just a little lower. Gross rental yields on apartments both in the city centre and in the suburbs are around 5.5%. These are moderately good yields. For the very smallest apartments, yields would be somewhat higher, at around 6.1%.

After collapsing during 2008-2010, prices in Vilnius have seen a U-Curve: now, Vilnius house prices continue to rise. 

Prices of old, but fully refurbished apartments located in Vilnius´ city centre and old town range from EUR 1,950 to EUR 2,200 per square metre (sq. m.).

This means that a 120 sq. m. in the city centre costs on average EUR 260,000, whereas in the suburbs, it costs on average EUR 220,000. Suburban prices have been increasing, especially for larger, more luxurious houses.

Rental rates are somewhat lower in the suburbs. Rents in the centre are around EUR 9-10 per sq. m. per month, while in the suburbs rents are around EUR 7-8 per sq. m. per month.

A 120 sq. m. apartment in the centre could be rented out for around EUR 1,160 per month while in the suburbs, a 120 sq. m. apartment fetches around EUR 850 per month.

Round trip transaction costs are very low in Lithuania. See our Property transaction costs analysis for Lithuania and Property transaction costs in Lithuania, compared to the rest of Europe.