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Key regions: Europe, Brazil, France, Asia, United States
The Residential Real Estate market in Lithuania is experiencing significant growth and development.
Customer preferences: In recent years, there has been a shift in customer preferences towards modern and energy-efficient homes. Buyers are increasingly looking for properties that are equipped with the latest technology and sustainable features. Additionally, there is a growing demand for properties in urban areas that offer convenient access to amenities such as schools, shopping centers, and public transportation.
Trends in the market: One of the key trends in the residential real estate market in Lithuania is the increasing popularity of apartment living. Many young professionals and families are opting for apartments due to their affordability and low maintenance requirements. This trend is particularly prominent in major cities such as Vilnius and Kaunas, where the population density is higher. Another trend in the market is the rise of real estate investment. With low interest rates and a stable economy, many investors are turning to the residential real estate market as a profitable investment opportunity. This has led to an increase in the construction of new residential developments, catering to both local and international investors.
Local special circumstances: Lithuania's membership in the European Union has opened up opportunities for foreign investors in the residential real estate market. The country's favorable investment climate, coupled with its strategic location in the Baltic region, has attracted investors from neighboring countries as well as further afield. This influx of foreign investment has contributed to the growth and development of the market.
Underlying macroeconomic factors: The growth of the residential real estate market in Lithuania can be attributed to several underlying macroeconomic factors. Firstly, the country's strong economic performance and stable political environment have instilled confidence in both domestic and international investors. This has resulted in increased demand for residential properties. Secondly, low interest rates have made mortgages more affordable, encouraging more people to enter the housing market. This has fueled demand for residential properties and contributed to the overall growth of the market. Furthermore, government initiatives to promote homeownership and provide financial assistance to first-time buyers have also had a positive impact on the residential real estate market. These initiatives have made it easier for individuals and families to purchase their own homes, further driving demand in the market. In conclusion, the residential real estate market in Lithuania is experiencing growth and development driven by customer preferences for modern and energy-efficient homes, the popularity of apartment living, and increased real estate investment. The country's favorable investment climate, strong economic performance, low interest rates, and government initiatives to promote homeownership are all contributing factors to the market's growth.
Data coverage:
Figures are based on total and average value of residential real estate, residential estate transactions and leases.Modeling approach:
Market size is determined by a combined top-down and bottom-up approach. We use national statistics, international organizations, and industry associations to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country specific industry associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita.Forecasts:
We use a variety of forecasting techniques, depending on the behavior of the market, for instance, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.Additional Notes:
Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)