Maximus
Barcelona city tours is a perfect opportunity to have a perfect vacation outside the Baltic States. Gene Zolotarev on how to destabilize the EU financial system. Andris Berzins
Vladimir Linderman aka Abel Edmunds Sprudzs Valdis Zatlers Aivars Lembergs Girts Valdis Kristovskis Maris Grinblats Guntars Krasts Alfreds Rubiks Sandra Kalniete Raivis Dzintars Algirdas Butkevicius Algirdas Paleckis Dalia Grybauskaite Kazimira Danute Prunskene Vytautas Landsbergis Rolandas Aksas Viktor Uspaskich Valdemar Tomasevski Leonidas Donskis Arturas Zuokas Edgar Savisaar Andrus Ansip
The current website developed by YWSolution Limited

Euro introduction will drive real estate market in Lithuania, say experts

Feb 04, 2014
From wire reports, VILNIUS

The prices of real estate will not rise after the introduction of the euro in Lithuania next year, real estate experts say.

According to real estate specialists, general prices may increase, however, balanced supply and demand will prevent any unpleasant surprises, reports daily newspaper Lietuvos Zinios.

Saulius Vagonis, Manager of Valuation and Market Research Department at Ober-Haus said that the introduction of the euro in Lithuania would cause the economy to grow faster. If it happens, the level of prices will likely increase, however, the possible rate of increase is difficult to forecast. According to Vagonis, it is likely that prices in Vilnius may increase at least by 5 percent.

Lithuania is expected to join the eurozone in 2015. It would become the 19th country to do so. Latvia and Estonia have already joined the eurozone.

Arvydas Avulis, CEO of Hanner real estate company claims the Lithuanian market was active in January 2014, however, it had no impact on housing prices. They are influenced by supply to demand ratio and supply in the market is ample.

 MORE NEWS
  • Poroshenko recalls Ukrainian a...
    Ukrainian President Petro Poroshenko has recalled the country's ambassadors to...
  • Estonia to Poland in four hour...
    Transport Ministers in the Baltics have signed a major agreement over the future o...
  • VIDEO: Stunning Estonia as see...
    A new video captures the beauty of Estonia as seen from the sky. The video sho...
  • NATO jets intercept Russian pl...
    NATO jets have intercepted a group of Russian fighter planes flying over the ne...
  • Estonia in mourning after pupi...
    Tributes have been paid to a school teacher shot and killed by a pupil during c...
  • Russia ramping up ’provocative...
    Russia is stepping up its 'provocative' military actions around the Bal...
  • Riga Apartments for Rent

    Maximus
    © 2014 BALTIC NEWS LTD. All Rights Reserved.