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Aug 30, 2013

Yields back to normal in Vilnius, Lithuania


Last Updated: Aug. 30, 2013
VILNIUS CENTER - Apartment COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
50 sq. m. 90,100 444 5.91% 1,802 8.88
85 sq. m. 178,160 853 5.74% 2,096 10.03
120 sq. m. 237,000 1,117 5.66% 1,975 9.31
200 sq. m. 483m000 2,280 5.67% 2,415 11.40
VILNIUS SUBURBS - Apartment
50 sq. m. 71,450 329 5.52% 1,429 6.57
85 sq. m. 144,500 650 5.40% 1,700 7.65
120 sq. m. 212,880 901 5.08% 1,774 7.51
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

In Vilnius, rental yields are back to normal. Gross rental yields on apartments in the city centre range from 4.13% to 5.68%. In the suburbs, rental yields range from 4.40% to 5.38%. These are moderate but acceptable yields, and suggest that a certain stability has returned to the housing market.

After collapsing during 2008-2010, prices in Vilnius have since flatlined. Prices of old, but fully refurbished apartments located in Vilnius’ city centre and old town range from EUR 1,800 to EUR 2,400 per square metre (sq. m.). In the prestigious suburban neighborhoods of Vilinus (Antakalnis, Zverynas and Valakampiai), old refurbished apartments cost around EUR 1,600 to EUR 1,800 per sq. m.

This means that a 120 sq. m. in the city centre costs on average EUR 285,000, whereas in the suburbs, it costs on average EUR 220,000.

Rental rates in the centre and suburbs are similar. Rents in the centre are around EUR 8 per sq. m. per month, while in the suburbs rents are around EUR 7 per sq. m. per month.

A 120 sq. m. apartment in the centre could be rented out for around EUR 1,000 per month while in the suburbs, a 120 sq. m. apartment fetches around EUR 800 per month.





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