Vilnius apartment sales decline in May, luxury segment grows

Apartment sales in Vilnius experienced a downturn in May, with notable decreases in the economic and mid-range property classes. However, the luxury segment bucked this trend, showing significant growth.

In the economic class, sales fell by 20% compared to April, totaling 168 units sold in May, down from 211 in the previous month. The mid-range segment also saw a decline, with sales dropping 11% from 281 units in April to 250 units in May. Despite this monthly decrease, mid-class sales are up approximately 14% when compared to May of the previous year.

Conversely, the luxury segment recorded a substantial increase, with sales growing 2.3 times compared to April. In May, 46 luxury apartments were sold, a significant jump from the 20 units sold in April. This segment also saw a year-on-year increase from the 31 units sold in May of last year.

New apartment supply in the Vilnius market continued to grow in May, with approximately 1,300 new units offered, an 11% increase from April. This surge in supply is considerably higher than the 249 units offered in May of the previous year. Overall market activity remains robust, with the average monthly sales for the first five months of 2026 reaching 528 units, an 8.5% increase over the same period last year. However, buyers are exhibiting increased caution due to geopolitical uncertainty and concerns about the economic situation, interest rates, and financial stability.

“

The overall market activity remains high: the average for the first five months of this year reaches 528 apartments sold per month and is 8.5% higher than in the same period last year. Despite the continuing activity, greater buyer caution is felt in the market, driven by geopolitical uncertainty and more cautious expectations of residents regarding the economic situation, interest rates, and general financial stability.