Housing prices follow the dynamics of changes in the prices of basic consumer goods and services
Ober-Haus Apartment Price Index for Lithuania (OHBI), which captures changes in apartment prices in the five largest Lithuanian cities (Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys), increased by 0.4% in June 2024. The overall level of apartment prices in Lithuania’s major cities has grown by 3.3% over the last 12 months (annual growth of 2.7% in May 2024).
In June 2024, the sales prices of apartments in Vilnius, Kaunas, Šiauliai and Panevėžys grew by 0.5%, 0.7%, 0.9% and 0.3%, respectively, and the average price per square metre amounted to EUR 2,615 (+12 Eur/m²), EUR 1,778 (+12 Eur/m²), EUR 1,131 (+11 Eur/m²) and EUR 1,103 (+3 Eur/m²). Meanwhile, Klaipėda recorded a 0.1% decrease in apartment prices in June, with the average price per square metre amounting to EUR 1,687 (-2 Eur/m²).
Over the year (June 2024 compared to June 2023) apartment prices increased in all major cities of the country: in Vilnius – 2.5%, in Kaunas – 3.2%, in Klaipėda – 5.3%, in Šiauliai – 4.9%, and in Panevėžys – 4.2%.
“Looking at the sales price curve for housing in major cities in recent years, it can be seen that it is broadly in line with the price dynamics of consumer goods and services in the country. According to the State Data Agency, the annual inflation rate calculated on the basis of the Harmonised Index of Consumer Prices in June 2024 was 1.0%, while the selling prices of apartments grew by 3.3% over the same period. This means that real selling prices of apartments in the country’s major cities rose by 2.2% over the year, net of inflation.
And despite the significant rise in nominal terms in apartment prices over the last three years (36.5%), this increase did not stand out in the context of the country’s overall inflation (31.8%). That is to say, over the three years, real selling prices of apartments in the country’s major cities increased by only 3.4%. This has been the longest period with the smallest gap between the change in house prices and inflation and, historically speaking, we have only seen a very similar situation in the 2013-2015 period. This is good news for potential homebuyers, as real wage growth has accelerated and housing affordability indicators are slowly improving as inflation has receded,” says Raimondas Reginis, Research for the Baltics at Ober-Haus.
Latest news

Housing market has woken up, but no faster price growth yet
The Ober-Haus Lithuanian apartment price index (OHBI), which follows changes in apartment sale prices in the five biggest Lithuanian cities (Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys) increased by 0.4% in February 2025. The annual apartment price growth in the biggest cities of Lithuania was 4.1% (a 4.0% increase was recorded in January 2025). In February 2025 apartment prices in Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys increased by 0.3%, 0.1%, 0.8%, 0.8% and 0.9%, respectively, with the average price per square meter reaching EUR 2,670 (+7 EUR/sqm), EUR 1,822 (+2 EUR/sqm), EUR 1,754 (+13 EUR/sqm), EUR 1,168 (+10 EUR/sqm) and EUR 1,147 (+10 EUR/sqm). In the past 12 months, the prices of apartments increased in all the biggest cities in the country: 3.2% in Vilnius, 4.1% in Kaunas, 6.2% in Klaipėda, 6.6% in Šiauliai and 6.7% in Panevėžys. ‘As predicted, a rapid annual growth in the number of housing transactions is recorded at the beginning of 2025. According to the data of the State Enterprise Centre of Registers, 40% more apartments were purchased in the country in January this year and 39% more in February this year than in the same month in 2024. It should be noted that in the…

In 2024, Lithuanian investment transactions market slumped by 43%
The general sentiment in the Lithuanian commercial property market in 2024 is well reflected in the volume of investments, which has declined to the levels last seen in 2014. According to the data of Ober-Haus, in 2024, the value of modern cash-flow commercial property (modern office, retail and industrial objects with the value of at least EUR 1.5 million) acquired amounted to EUR 230 million. This means that the annual volume of investments declined by 43% compared to 2023 or 2022. ‘In 2024, only small and medium-sized transactions were recorded in Lithuania, whereas there had been no acquisitions of larger transactions at all. For the first time after a lengthy period, the value of the largest deal did not exceed EUR 30 million‘, said Raimondas Reginis, head of market research for the Baltics at Ober-Haus. According to Ober-Haus, deals up to EUR 10 million in value represented 40% of total investments in Lithuania, whereas deals valued at EUR 10–30 million – the rest (60%). Retail properties attracted the largest share of investments, with investors primarily focusing on supermarkets The largest portion of investments befell to retail properties with EUR 134 million or 58% of all investments in commercial property in Lithuania spent for acquisitions.…

Ober-Haus completes the sale of “Beržų namai” project
A. Juozapavičiaus Street, Kaunas, the last apartment in the project "Beržų namai" was sold, the concept of which was developed and successfully realised by Ober-Haus. All the apartments have already been occupied, and the completion of the project has become a significant event in the rapidly modernising Žemieji Šančiai district. Two apartment buildings have been designed on a plot of almost 0.43 hectares, with 72 two- to three-room apartments of 45-63 square metres. The project includes 41 underground and 32 above-ground parking spaces, bicycle storage and storage rooms, and a private courtyard. "From the very beginning of the sale, we have felt great interest from buyers - the reason for this is both its exceptional location and the lack of quality housing in Kaunas," says Svajūnas Šarauskas, Manager of the Kaunas office of Ober-Haus. The houses were built in the growing and rapidly changing Žemieji Šančiai district, in a quiet and green part of A. Juozapavičiaus Avenue. "Beržų namai has contributed to the development of the area by landscaping the environment, greening and fencing the yard, and installing a children's playground. "Beržų namai has not only added to the landscape of the modernising district, but has also encouraged the…