aA
Over a half of Lithuanian residents believe residential property prices will go up over the next 12 months as such expectations have almost gone back to the level seen a year ago, the latest survey commissioned by SEB bank has revealed.
Over half of Lithuanians believe property prices will go up
© DELFI / Domantas Pipas

52 percent of people surveyed believe property prices will rise. 15 percent believe they will go down and 26 percent expect no change. 7 percent had no opinion.

SEB economist Tada Povilauskas says expectations are growing as the situation in many areas of the economy improved in the third quarter, the situation in the labor market and residential income stabilized and residential property prices did not go down significantly.

"The percentage of residents who believe property prices will go up over the next 12 months mostly grew in the Vilnius region, and people remains more cautious in other regions. Their expectations are likely to be slightly worse in the fourth quarter than they were in September," the economist said in a statement.

In his words, expectations will be worse at the end of the year as the economic situation will be worse than in the third quarter, exacerbated by the growing number of coronavirus cases.

The survey of 1,000 people, aged 15-74, in the country's 119 areas was carried out by Baltijos Tyrimai.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
|Populiariausi straipsniai ir video

Minister: budget deficit to narrow, debt-to-GDP ratio to stabilize in 2021

The Lithuanian state's 2021 budget bill has been drafted with the aim of reducing the general...

One in 3 Lithuanians feels anxious about money

Thirty-nine percent of Lithuanians feel anxious about their finances every day, which adversely...

Simonyte: key budget issue is what to do with borrowed money (1)

The key question related to Lithuania's next year budget is what will be done with borrowed money...

Minister: Lithuania financially capable of withstanding another coronavirus outbreak

Lithuania would be financially capable of withstanding another coronavirus outbreak, Finance...

A new commercial bank has launched operations in Lithuania

PayRay , a Lithuanian financial sector company, has started a new page of its business service...

Top news

Vilnius, Kaunas, Klaipeda put on lockdown Nnew coronavirus restrictions in Lithuania

Lithuania's government has on Monday placed Vilnius, Kaunas, Klaipeda and another five municipalities...

Simonyte initiates coalition formation vows to change anti-coronavirus model

Ingrida Simonyte , the conservative Homeland Union – Lithuanian Christian Democrats ' candidate...

766 new coronavirus cases

On Sunday, Lithuania already announced the record number of new coronavirus cases. 766 new cases...

Armonaite wins parliament election in special constituency for expats

Ausrine Armonaite , leader of Lithuania's Freedom Party , has been elected to the Lithuanian Seimas...

Lisa Pham, Kit Rees | D+ nariams

Forget Amazon: in Europe, small caps are pandemic’s big winners

While Amazon.com Inc . and its FANG cohort have grabbed the headlines, some of the biggest...

|Maža didelių žinių kaina