Lithuanian Commercial Market Commentary Q3 2011

Although global financial markets are unsettled, the ambiguous expectations have so far had little impact on the Lithuanian market of commercial premises: in Q3 2011, slight, yet positive indicators were recorded. In the capital where the market is generally more active, a further decline in vacancies and a rise in prices have been noted. In the other major Lithuanian cities, the commercial premises market is still rather sluggish: in general, there is no new construction, prices remain stable, and there is no significant growth in demand. However, the absence of new supply and the relatively attractive rent and sale prices are leading to a gradual reduction in the vacancy rate not only in Vilnius, but also in the other major cities.

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Ober-Haus Celebrates 25 Years: How Has the Property Market Changed in a Quarter of a Century?
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