Apartment prices: more positive changes were recorded

The Ober-Haus Lithuanian apartment price index (OHBI) shows that in August 2013 apartment prices in the five major Lithuanian cities (Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys) increased by 0.1%. Although the overall value of the apartment price index in the main Lithuanian cities remained negative, decrease is smaller every month: in January 2013, the annual change in apartment prices was -1.7%, and in August it is only -0.5%.

A small but steady apartment price increase was recorded in Vilnius. This is the seventh month in a row, when price growth is observed in the capital. Apartment prices in capital in August raised 0.2%, and the average price per square metre increased to 1,201 EUR (+2 EUR/sqm). During a year apartment prices in Vilnius increased by 0.6%, and since the last lowest price level (May 2010) have raised 4.1% (+47 EUR/sqm).

In August an increase of 0.7% and 0.1% of apartment prices was recorded respectively in Šiauliai and Panevėžys, the average price per square metre increased to 548 EUR (+4 EUR/sqm) and 515 EUR. Meanwhile 0.1% price decrease was recorded in Kaunas, the average price per square metre dropped to 933 EUR. The average apartment price in Klaipėda in August remained the same as in July and was 961 EUR/sqm.

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The Ober-Haus Lithuanian apartment price index (OHBI) shows that in August 2013 apartment prices in the five major Lithuanian cities (Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys) increased by 0.1%. Although the overall value of the apartment price index in the main Lithuanian cities remained negative, decrease is smaller every month: in January 2013, the annual change in apartment prices was -1.7%, and in August it is only -0.5%.

A small but steady apartment price increase was recorded in Vilnius. This is the seventh month in a row, when price growth is observed in the capital. Apartment prices in capital in August raised 0.2%, and the average price per square metre increased to 1,201 EUR (+2 EUR/sqm). During a year apartment prices in Vilnius increased by 0.6%, and since the last lowest price level (May 2010) have raised 4.1% (+47 EUR/sqm).

In August an increase of 0.7% and 0.1% of apartment prices was recorded respectively in Šiauliai and Panevėžys, the average price per square metre increased to 548 EUR (+4 EUR/sqm) and 515 EUR. Meanwhile 0.1% price decrease was recorded in Kaunas, the average price per square metre dropped to 933 EUR. The average apartment price in Klaipėda in August remained the same as in July and was 961 EUR/sqm.

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