Lithuanian Apartment Price Index, April 2016

2016-05-08

The Ober-Haus Lithuanian apartment price index (OHBI), which records changes in apartment prices in the five major Lithuanian cities (Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys), increased by 0.6% in April 2016. The annual apartment price growth in the major cities of Lithuania was 3.4% (a 3.2% increase was recorded in March 2016).

The prices of apartments grew in all major cities in April 2016. Apartment prices in Vilnius grew 0.6% with the average price per square meter reaching EUR 1,352 (+9 EUR/sqm).

In the past 12 months, the prices of apartments in Vilnius increased by 4.6% and since the last lowest price level recorded in May 2010 prices have increased by 17.1% (+198 EUR/sqm). Apartment prices in Kaunas, Klaipėda, Šiauliai and Panevėžys grew by 0.7%, 0.2%, 0.4% and 0.3% respectively with the average price per square meter reaching EUR 957 (+7 EUR/sqm), EUR 992 (+2 EUR/sqm), EUR 573 (+2 EUR/sqm) and EUR 539 (+2 EUR/sqm). In the past 12 months, the prices of apartments grew in all major cities: 4.6% in Vilnius, 1.8% in Kaunas, 1.7% in Klaipėda, 2.5% in Šiauliai and 1.8% in Panevėžys.

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