The price of apartments rose by 9.5% over the year

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 1.2% in September 2025. The annual apartment price growth in the biggest cities of Lithuania was 9.5% (a 8.2% increase was recorded in August 2025).

In September 2025 apartment prices in Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys increased by 1.3%, 1.3%, 1.1%, 0.7% and 0.3%, respectively, with the average price per square meter reaching EUR 2,850 (+37 EUR/sqm), EUR 2,002 (+25 EUR/sqm), EUR 1,863 (+21 EUR/sqm), EUR 1,242 (+8 EUR/sqm) and EUR 1,219 (+3 EUR/sqm).

In the past 12 months, the prices of apartments increased in all the biggest cities in the country: 8.9% in Vilnius, 11.6% in Kaunas, 9.1% in Klaipėda, 9.2% in Šiauliai and 9.0% in Panevėžys.

“With positive activity indicators in the country’s housing market, the rate of housing price growth in major cities continues to increase. According to data from the State Enterprise Center of Registers, 16% more houses and apartments were purchased in September 2025 than in the same month the previous year. The housing market has been in a recovery phase for over a year now, with both sellers and buyers feeling optimistic, and the annual rate of apartment price growth has reached its highest level since mid-2023.

During the first quarter of this year, apartment sales prices in the country’s major cities rose by 1.5%. In the second quarter, prices increased by 3.6%, and by another 3.1% in the third quarter. With housing prices rising rapidly, the older housing segment is attracting considerable interest from buyers due to its affordable prices. It is therefore unsurprising that this segment is also experiencing the fastest price growth. For instance, in the first quarter of 2025, buyers paid an average of €102,000 for a two-room apartment in one of Vilnius’s most popular microdistricts, whereas in the third quarter of this year, the average price was €113,000. In Kaunas, the average price paid for such apartments was €88,000 in the third quarter of this year (compared to €79,000 in the first quarter of 2025), while in Klaipėda it was €78,000 (compared to €74,000 in the first quarter of 2025),” said Raimondas Reginis, research manager for the Baltics at Ober-Haus.

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