Experts: Housing prices in Lithuania will not fall, but will rise

Lithuanian housing prices are not expected to decrease in the near future, according to experts. Inflationary pressures are anticipated to continue, meaning that money not invested will further erode in value. The real estate market is projected to remain robust, with prices continuing their upward trajectory.

Žygimantas Mauricas, chief economist at Luminor bank, highlighted Lithuania's high rate of homeownership. He stated that around 94% of Lithuanian households own their homes, placing the country at the top of the European Union in this regard. This high level of ownership suggests a strong demand and a stable market for residential properties.

Real estate experts concur with the outlook for continued market activity and price growth. Their assessments suggest that the conditions favoring property investment are likely to persist, making it a potentially attractive sector for both buyers and investors despite broader economic challenges. The combination of ongoing inflation and a dynamic market points towards a sustained increase in housing costs.