Apartment prices in the country’s major cities rose by 0.3% in January

Ober-Haus Lithuanian Apartment Price Index (OHBI), which captures changes in apartment prices in the five largest Lithuanian cities (Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys), increased by 0.3% in January 2024. The overall level of apartment prices in Lithuania’s major cities grew by 2.1% over the last 12 months (annual growth of 1.7% in December 2023).

In January 2024, in Vilnius, Kaunas and Klaipėda, the sales prices of apartments grew by 0.2%, 0.5% and 0.6%, respectively, and the average price per square metre amounted to EUR 2,581 (+6 Eur/m²), EUR 1,745 (+9 Eur/m²), and EUR 1,650 (+10 Eur/m²). Meanwhile, Šiauliai and Panevėžys recorded a decrease of 0.1% and 0.6% respectively in January and the average price per square metre was EUR 1,098 and EUR 1,075 (-6 Eur/m²).

Over the year (January 2024 compared to January 2023) apartment prices increased in all major cities of the country: in Vilnius – 1.6%, in Kaunas – 3.0%, in Klaipėda – 2.8%, in Šiauliai – 2.3%, and in Panevėžys – 1.7%.