Lithuania, Real Estate
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Thursday, 21.11.2024, 07:47
Flat prices in Lithuania decreased by 25% y-o-y
Danuta Pavilenene, BC, Vilnius, 05.01.2009.
Print version
Print versionIn Lithuania, over the year 2008, prices for flats of old construction (up to 2007) decreased very rapidly – from 10% to 25%.
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In Vilnius, the prices for flats went down by 23%, in Kaunas – by 15%, in Klaipeda – by 24%, in Siauliai – by 13%, in Panevezys – by 9%, reports ELTA.
Meanwhile, the prices for new flats dropped in a notably slower manner. Over the last year, in Vilnius, the prices went down by 12%, in Kaunas – by 7%, in Klaipeda – by 11%. It was revealed by the data compiled by the real estate advertising website www.kapitalas.com.
It is highly likely that, over the first six months of this year, the flat prices will continue decreasing to equal the prices of the end of 2005 due to the difficult economic situation, whereas they should not change remarkably over the second half-year.
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