Lithuania's Avulis Urges Calm on Economy, Warns Against Real Estate Price Hopes

Arvydas Avulis, the chairman of real estate developer Hanner, is encouraging Lithuanians to remain optimistic and dismiss fears of an impending economic crisis. Speaking on the program "Delfi savaitė," Avulis asserted that current economic forecasts are sufficiently positive to allay any widespread concerns.

"The forecasts are quite good and there is no need to worry," Avulis stated, aiming to reassure the public. He specifically advised against anticipating a decline in real estate prices. Avulis pointed out that property values in Vilnius have already climbed to match levels seen in major European cities, suggesting a stabilization rather than a downturn.

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The forecasts are quite good and there is no need to worry.

Avulis's comments come at a time when economic sentiment can be volatile. By presenting a confident outlook and advising against unrealistic expectations for property price drops, he seeks to foster a more stable economic environment and encourage continued investment.

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one should not have hopes that real estate prices may fall