Vilnius, Lithuania Real Estate Prices Fall in Third Quarter
Property prices in the Lithuanian capital, Vilnius, fell for a second consecutive in the three months that will end in September, according to preliminary figures from the nation’s registry office.
Prices fell 0.8 percent from the previous quarter after a 2.2 percent drop in the second quarter, the Vilnius-based office said today in an e-mailed statement. Outside of the capital, real-estate prices fell 2.9 percent, it said.
The Baltic nation’s property market is recovering from a property market bust in 2009. Lithuanian real-estate prices fell an average of 13 percent last year.
Prices rose 3 percent in the third quarter from a year earlier in Vilnius and increased 6 percent elsewhere, the office reported.
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