Lithuanian Apartment Price Index, February 2016

2016-03-01

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 0.5% in February 2016. The annual apartment price growth in the major cities of Lithuania was 3.0% (a 2.5% increase was recorded in January 2016).

Vilnius, Kaunas and Panevėžys saw the biggest positive changes in apartment prices in February. Apartment prices in Vilnius grew 0.8% with the average price per square meter reaching EUR 1,340 (+10 EUR/sqm). In the past 12 months, the prices of apartments in Vilnius increased by 4.5% and since the last lowest price level recorded in May 2010 prices have increased by 16.0% (+185 EUR/sqm). Apartment prices in Kaunas and Panevėžys grew by 0.3% and 0.7% respectively with the average price per square meter reaching EUR 948 (+3 EUR/sqm) and EUR 535 (+4 EUR/sqm). Apartment prices in Klaipėda and Šiauliai remained stable and were the same as in January – 989 EUR/sqm and 567 EUR/sqm.

In the past 12 months, the prices of apartments grew in all major cities: 4.5% in Vilnius, 0.7% in Kaunas, 1.4% in Klaipėda, 1.9% in Šiauliai and 1.1% in Panevėžys.

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