Lithuania: House Prices, Rents, and Rental Yields
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Last Updated: Aug 12, 2009
Still low at around 4.44%
| Last Updated: Aug. 12, 2009 | |||||
| VILNIUS CENTER - Apartment | COST (€) | YIELD (p.a.) | PRICE/SQ.M. (€) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 30 sq. m. | 56,220 | 294 | 6.27% | 1,874 | 9.79 |
| 50 sq. m. | 106,300 | 417 | 4.71% | 2,126 | 8.34 |
| 70 sq. m. | 157,150 | 528 | 4.03% | 2,245 | 7.54 |
| 90 sq. m. | 208,710 | 653 | 3.76% | 2,319 | 7.26 |
| 120 sq. m. | 288,720 | 971 | 4.03% | 2,406 | 8.09 |
| 200 sq. m. | 516,000 | 1,640 | 3.81% | 2,580 | 8.20 |
| VILNIUS SUBURBS - Apartment | |||||
| 35 sq. m. | 56,560 | 251 | 5.32% | 1,616 | 7.17 |
| 75 sq. m. | 144,825 | 491 | 4.07% | 1,931 | 6.55 |
| 120 sq. m. | 239,280 | 745 | 3.74% | 1,994 | 6.21 |
| Districts researched: Vilnius: City Center, Senamiestis(Old Town), Uzupis and Naujamiestis Vilnius Suburbs: Antakalnis, Zverynas and Valakampiai Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
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Despite the crisis, gross rental yields on apartments in Vilnius remain low, at around 4.44%. These yields are slightly higher than the 2008 Global Property Guide figures, but the difference is marginal. It seems that the recession has been shrinking rents, along with “for sale” asking prices, making property investment unattractive.
Suburban apartments have about the same level of yields, at around 4.38%. The suburban apartment property sizes we surveyed were 35, 75 and 120 square metres (sq. m.), with prices ranging from €56,560 to €239,280, respectively.
People often write in to ask, when will the residential property markets in the Baltics recover? We can only say, this is not the stuff of which property recoveries are made. Not yet, anyway. The usual pattern is that economic activity begins to rise, leading to rising rents, and then the property market begins to regain confidence. This nirvana for investment property is a long way off in the Baltics.
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