CityNow in partnership with Inreal, Cobalt legal and SEB bank prepared market report for real estate. Get familiar with highlights and full report:
ECONOMY
he Lithuanian economy maintained its growth momentum
in the first half of the year. During this period, the country’s
GDP at constant prices increased by 3.3%, while nominal
GDP grew by 8.4%. The largest positive contribution to
growth came from a surge i n household consumption,
driven by the use of funds withdrawn from second -pillar
pension funds. However, the performance of companies in
the manufacturing, construction, transport and IT sectors
also had a significant positive impact on GDP growth. In the
first half of the year, the impact of the increase in energy
prices caused by the US –Iran war on the Lithuanian
economy was limited. Such strong annual GDP growth is
unlikely to continue in the second half of the year as annual
household consumption growth slows.
VILNIUS PRIMARY HOUSING MARKET
Supply and Demand in the Primary Residential Market in Vilnius
In the first half of 2026, 3,336 housing units (apartments,
townhouses and non -residential units) were sold or reserved
in the Vilnius primary housing market. This was 13.5% more
than during the same period last year (2,939). However, signs
of a market slo wdown were already visible towards the end of
the half – year, although buyer activity remained relatively high
and growth in new supply reached record levels. During the
first six months of the year, 4,570 housing units were added to
primary market monitori ng – one -third more than during the
same period last year (3,342). The supply of available housing
units increased to 5,381, 13.3% more than in mid -2025 (4,750).
NEW PROJECT DEVELOPMENT
The beginning of 2026 in the Lithuanian real estate (RE) market is best characterized by a significant surge in housing supply. In Vilnius, supply has increased by as much as 45% since February 2026, when it had reached a low of approximately 4,000 properties. The market has seen a significant influx of new, high -quality developments – a large share of them in the premium segment in Vilnius and Kaunas, indicating growing consumer purchasing power. Alongside the activity in the major cities, another trend is emerging – the search for opportunities in smaller cities (Mažeikiai, Elektrėnai, Šiauliai). Here, small -scale investors and home renovators (flippers) have become increasingly active in recent years, with a growing number of small – and medium -scale real estate conversion projects emerging.
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