Apartment prices fall in Kaunas and rise in Vilnius
The Ober-Haus Lithuanian apartment price index (OHBI) shows that in March of this year apartment prices in the five major Lithuanian cities (Vilnius, Kaunas, Klaipėda, Šiauliai, and Panevėžys) fell by 0.2%. In February the price index remained the same.
The major impact on the change in price index was determined by a 1.1% fall in apartment prices in Kaunas. Meanwhile in Vilnius, a slight price rise of 0.2% was recorded. Since mid 2010, price rises have been recorded in the capital city for the 8th consecutive month. The steady rise in prices, as in previous months, is noted in the economy apartment segment: old and newly built apartments in residential districts. Prices of more expensive properties located in prestigious areas and the centre have remained stable or fallen slightly. No changes were recorded in Klaipėda, Šiauliai, and Panevėžys for March.
The annual price rise in March for Vilnius was 2.3%. In other cities of Lithuania the annual apartment price change remains negative: 4.5% in Kaunas, 3.1% in Klaipėda, 1.1% in Šiauliai, and 2.0% in Panevėžys.
From the highest summarised apartment price level which was reached at the end of 2007 to March of this year, the prices for apartments dropped 39.9% in Vilnius, 33.9% in Kaunas 45.5% in Klaipėda, 44.6% in Šiauliai, and 45.8% in Panevėžys.
The Ober-Haus Lithuanian apartment price index (OHBI) shows that in March of this year apartment prices in the five major Lithuanian cities (Vilnius, Kaunas, Klaipėda, Šiauliai, and Panevėžys) fell by 0.2%. In February the price index remained the same.
The major impact on the change in price index was determined by a 1.1% fall in apartment prices in Kaunas. Meanwhile in Vilnius, a slight price rise of 0.2% was recorded. Since mid 2010, price rises have been recorded in the capital city for the 8th consecutive month. The steady rise in prices, as in previous months, is noted in the economy apartment segment: old and newly built apartments in residential districts. Prices of more expensive properties located in prestigious areas and the centre have remained stable or fallen slightly. No changes were recorded in Klaipėda, Šiauliai, and Panevėžys for March.
The annual price rise in March for Vilnius was 2.3%. In other cities of Lithuania the annual apartment price change remains negative: 4.5% in Kaunas, 3.1% in Klaipėda, 1.1% in Šiauliai, and 2.0% in Panevėžys.
From the highest summarised apartment price level which was reached at the end of 2007 to March of this year, the prices for apartments dropped 39.9% in Vilnius, 33.9% in Kaunas 45.5% in Klaipėda, 44.6% in Šiauliai, and 45.8% in Panevėžys.
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