CLOSE X

Register - if you don't have an account

Yes! Sign me up for Global Property Guide's monthly email newsletter.


Login - for registered users

Forgot Password?
Click map to read research
continent map couldn't be loaded Pacific Europe & Russia North America Latin America Asia Africa Middle East Caribbean

 



Rental Yields
 
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

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.






Comments


No comments found.



Add your comment


Name:
Email: (will not be published)
Comment: 


Compare Coutries
Free Newsletter

Subscribe to our Newsletter!

Enter your email address to sign up.