Prices for new-build properties in Lithuania dropped by 5.2% over the quarter while prices for existing properties edged down by 1%.
The fall in prices followed three successive quarters of rising prices.
On an annual basis, residential property prices were up 3.3% on the same period last year, marking the ninth consecutive quarter of growth in prices on year-on-year basis.
Estonians can afford bigger apartments than Lithuanians or Latvians
New apartment affordability increased in Vilnius and Riga in 2015 but Estonians’ rising incomes...
Klaipėda to lease municipal land to encourage construction
The City of Klaipėda is auctioning several dozen land plots for lease this year in order to attract...
Prices rise as Lithuania‘s coastal real estate takes off (1)
Prices are rising as the real estate market along the entire Lithuanian seaside picks up, with the...
Is a new real estate bubble inflating in Lithuania? (3)
Investment in residential real estate in Lithuania last year bounced back to levels last seen in...
Ignitis Group plans to delist its subsidiaries from Nasdaq Vilnius
Lithuania's state-owned energy group Ignitis Grupe (former Lietuvos Energija ) is planning to...
Norwegians press exporters to cut prices amid weakening krone
The weakening of Norway 's krone against the euro has not yet hit Lithuanian exports to the...
Lithuanian Post's board refuse to stay on after ministry orders halt to sale of buildings
Independent members of the management board of Lietuvos Pastas ( Lithuanian Post ) have refused to...
Lithuanian gears up for reconstruction of Via Baltica's section until Polish border
Lithuania's Road Administration is getting ready for the 300 million euro worth reconstruction of...
SAI Global to open Centre of Excellence in Vilnius
A multinational leading provider of integrated risk management solutions, assurance and property...