aA
The value of all registered and evaluated real estate in Lithuania exceeds 109 billion euros, and the average real estate value rose around 9.5 percent over a year, according to the country's Center of Registers.
Value of all real estate up by tenth
© DELFI / Rita Gečiūnaitė

Evaluators from the Center of registers say the change was mainly affected by the general economic growth in Lithuania and positive demographic tendencies as people's purchasing power is growing and they afford housing. As the population expands, the demands and subsequently the price of housing is naturally going up, therefore a higher average market value is determined.

Moreover, new jobs, business investments into expansion, the arrival of foreign investors as well as good transportation and proper infrastructure are behind the rise in the prices of various real estate.

The average market value of apartments rose 8 percent last year, and increased around 6 percent for stand-alone houses. The price of commercial and office real estate went up by 5-8 percent.

The total average value of all land lots grew around 7 percent in 2019.

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

Skvernelis: no plans to put economy on hold if 2nd coronavirus wave comes (2)

The whole economy or its individual sectors in Lithuania will not be put on hold if a second...

Lithuania plans to establish anti-money laundering competence center

Lithuania plans to establish an anti-money laundering competence center as the Nordic and Baltic...

Minister: direct EU payments to farmers should be capped at EUR 100,000

Direct EU payments to Lithuanian farmer s in 2021-2027 should be capped at 100,000 euros,...

To start or not to start fintech company during recession?

Microsoft, IBM, HP, Disney, FedEx, 3M. What do these companies have in common? They started their...

Lithuania asks Slovenia to hand over detained businessman Kucinskas

Lithuania's Prosecutor General's Office has asked Slovenia to hand over Vidmantas Kucinskas , the...

Top news

Ex-president Grybauskaite urges Lukashenko to leave

Lithuania's former president Dalia Grybauskaite on Thursday urged Alexander Lukashenko to leave...

Foreign ministry: Lithuania bans entry to Hezbollah affiliates

The Lithuanian government has banned entry to people linked to the Hezbollah paramilitary movement...

Lithuanian journalists voice support for persecuted colleagues in Belarus and offer help

Editors of Lithuanian media outlets sent on Thursday a message of solidarity to their persecuted...

21 new coronavirus cases

On Wednesday Lithuania confirmed 21 new COVID-19 cases in the country. In total, 2330 cases have been...

Estonian president to visit Lithuania on Friday

On Friday President Kersti Kaljulaid will travel to Vilnius on a one-day working visit in order to...

|Maža didelių žinių kaina