The real estate market in Lithuania was stable throughout 2012. Prices declined slightly, reports LETA referring to manager of Ober-Haus Valuation Department Saulius Vagonis. “The negative price changes are rather symbolic, so this correction has no significant effect on the overall state of the market”, - said Vagonis.
Prices for apartments in Vilnius fell by 0.1% in December 2012, the average price dropped to 1185 euros per square meter. Negative annual change in prices for apartments was at 1.4% in December 2012 (1.3% decrease was recorded in November 2012).
Despite the decline in prices in Vilnius, the number of sales transactions of apartments increased by 7% in 2012 (6758 in total transactions).
In December 2012, the largest decline in prices was recorded in Panevezys (-0.7%).