Lithuanian Apartment Price Index, March 2018
The Ober-Haus Lithuanian apartment price index (OHBI), which records changes in apartment prices in the five major Lithuanian cities (Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys), increased by 0.1% in March 2018. The annual apartment price growth in the major cities of Lithuania was 2.8% (the annual apartment price growth in February 2018 was 3.2%).
In March 2018 was recorded 0.1% price decrease in Klaipėda with average price per square meter dropping to EUR 1,040 (-1 EUR/sqm). Meanwhile, in Vilnius, Kaunas and Šiauliai apartment price increase was recorded, where prices increased respectively by 0.2%, 0.2% and 0.3% and the average price per square meter reaching EUR 1,469 (+2 EUR/sqm), EUR 1,037 (+2 EUR/sqm) and EUR 619 (+1 EUR/sqm). In Panevėžys no price changes were recorded and average apartment price remained the same as in February – EUR 583.
In the past 12 months, the prices of apartments grew in all major cities: 4.4% in Kaunas, 3.6% in Panevėžys, 3.1% in Šiauliai, 2.4% in Vilnius and 2.1% in Klaipėda.