In 2025, the annual increase in apartment prices reached 11.3%, while the average annual increase was 7.3%

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 1.1% in December 2025. The annual apartment price growth in the biggest cities of Lithuania was 11,3 %. The average annual growth in apartment prices in 2025 (January–December 2025 compared to January–December 2024) reached 7.3%.

In December 2025 apartment prices in Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys increased by 1.0%, 1.2%, 1.0%, 1.4% and 0.9%, respectively, with the average price per square meter reaching EUR 2,930 (+30 EUR/sqm), EUR 2,071 (+24 EUR/sqm), EUR 1,906 (+19 EUR/sqm), EUR 1,273 (+18 EUR/sqm) and EUR 1,236 (+12 EUR/sqm).

In the past 12 months, the prices of apartments increased in all the biggest cities in the country: 10.7 % in Vilnius, 13.8% in Kaunas, 10.9% in Klaipėda, 11.0% in Šiauliai and 10.0% in Panevėžys.

‘In 2025, we witnessed a particularly rapid recovery across the entire housing market. According to data from the State Enterprise Centre of Registers, a total of just over 50,000 homes (including apartments and houses) were purchased across the country during the year. This represented an increase of 21% on the number purchased in 2024 (an increase of 23% for apartments and 18% for houses). The return of buyers to the housing market also stimulated house prices. While the annual growth in apartment prices in the country’s major cities was initially 4.0%, this steadily increased over the year, reaching 11.3% by the end of 2025. This was the highest annual growth in apartment prices since mid-2023.

While the average annual growth in apartment prices in the country’s major cities was one of the lowest in the last decade at 2.9% in 2024, it reached 7.3% in 2025. In 2025, it is evident that apartment prices grew twice as fast as other consumer goods and services in the country. According to data from the State Data Agency, the average annual inflation (HICP) in 2025 was 3.4%. However, despite the fairly rapid rise in housing prices, wage growth is supporting buyers’ ability to purchase homes. According to forecasts, wages in the country are expected to grow by an average of 8.5% in 2025, which is slightly faster than the increase in apartment prices.

Currently, it is expected that the housing market will remain extremely active in 2026. The excellent housing market indicators for 2025, the use of funds withdrawn from the second pension pillar to purchase housing and the upcoming amendments to the Responsible Lending Regulations are all factors that are shaping high expectations among market participants that the housing market will continue to grow. While these factors may have a positive impact on the housing market, this does not necessarily mean that we will see the same rapid price growth as last year. A slowdown in wage growth and the end of the cycle of interest rate cuts could limit the ability of many buyers to purchase their desired homes. Therefore, even if the housing market remains as active as it is now, home sellers’ overly optimistic expectations may not be met. It is quite realistic to expect a slowdown rather than an increase in housing price growth in 2026,’  said Raimondas Reginis, research manager for the Baltics at Ober-Haus.

Full review (PDF): Lithuanian Apartment Price Index, December 2025