Apartment prices in Lithuania’s largest cities continue to rise. According to the Ober-Haus Lithuanian Apartment Price Index for May 2026, apartment prices in the country’s five largest cities increased by 1.7% month-on-month. On an annual basis, prices rose by 12.2%, confirming sustained housing demand even after a period of high interest rates and cautious buyer activity.

📊 The OHBI tracks apartment price dynamics in Vilnius, Kaunas, Klaipėda, Šiauliai, and Panevėžys. In May, price growth was recorded in all five cities, making the current trend not a local spike, but a broader market movement. For investors and buyers, this is an important signal: Lithuania’s residential market remains active not only in the capital, but also in major regional centres.

💡 The strongest monthly growth was recorded in Kaunas and Panevėžys, where apartment prices increased by 2.1%. In Klaipėda, prices rose by 1.9%, in Vilnius by 1.6%, and in Šiauliai by 1.3%. This synchronised movement suggests that demand is being supported not only by the capital market, but also by cities with a more accessible entry budget.

🏡 Average prices per square metre in May 2026 were as follows:

— Vilnius: €3,066 per sq. m;
— Kaunas: €2,206 per sq. m;
— Klaipėda: €1,987 per sq. m;
— Šiauliai: €1,369 per sq. m;
— Panevėžys: €1,329 per sq. m.

📈 On an annual basis, Kaunas recorded the strongest growth, with apartment prices rising by 15.6%. In Šiauliai, prices increased by 13.6%, in Panevėžys by 12.3%, in Vilnius by 11.4%, and in Klaipėda by 10.4%. This shows that Lithuania’s regional cities are currently growing faster than the capital, although Vilnius remains the most expensive market in the country.

🔍 This dynamic reflects several factors at once. First, buyers are gradually returning to the market after a period of slowdown. Second, the supply of quality housing in major cities remains limited. Third, part of the demand is shifting from Vilnius to more affordable cities, where the price per square metre is lower and growth potential remains visible.

🏗️ Vilnius retains its status as the country’s main and most expensive market. An average price above €3,000 per square metre creates a high entry threshold for buyers, especially in new developments and liquid districts. At the same time, annual growth of 11.4% shows that demand remains stable even in the more mature capital market.

🌆 Kaunas appears to be one of the most dynamic destinations. Annual growth of 15.6% and monthly growth of 2.1% point to an active redistribution of demand toward the country’s second-largest city. This is logical for the market: Kaunas remains cheaper than Vilnius, while offering developed infrastructure, a university environment, jobs, and a more accessible purchase budget.

🌊 Klaipėda, Lithuania’s largest port city, also maintains positive dynamics. Annual growth of 10.4% looks more moderate than in Kaunas, but for a coastal market it is a stable indicator. Klaipėda is attractive not only as a place for permanent residence, but also as a city with a limited supply of quality housing, which supports prices in the long term.

📌 For investors, the current statistics provide several practical takeaways:

— Lithuania remains a market with steady apartment price growth;
— demand is distributed not only around Vilnius, but also around Kaunas, Klaipėda, Šiauliai, and Panevėžys;
— regional cities are showing higher growth rates with a lower entry price;
— limited supply of quality housing continues to support prices;
— the market looks stronger where affordability, infrastructure, and stable demand from local buyers overlap.

📉 At the same time, rapid price growth requires careful assessment. Annual growth above 10% in almost all major cities increases the risk of overheating in certain segments, especially if household incomes and mortgage affordability do not grow at comparable rates. For buyers, this means that it is becoming increasingly important to assess not only the fact that the market is growing, but also the quality of a specific property, its liquidity, location, and real rental attractiveness.

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