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

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.