Maximus
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
  • Russian planes encroach upon L...
    Canada is deploying six CF-18 fighter jets to Eastern Europe as part of NATO's...
  • NATO ships on the way to Balti...
    NATO is sending part of its naval rapid reaction force to the Baltic Sea as part o...
  • Mid-life crisis ahead for Lith...
    Very soon Lithuania will be commemorating the 20th anniversary of its accession to...
  • Eggs unfit for Easter hunt...
    Ahead of the Easter holiday, the Latvian Food and Veterinary Service (FVS), in ...
  • Only two presidential candidat...
    In debates on Thursday, only two out of seven presidential candidates expressed...
  • Russia is simply lying, says M...
    "Crimea's annexation and now the destabilization of eastern Ukraine is...
  • Riga Apartments for Rent

    Maximus
    © 2014 BALTIC NEWS LTD. All Rights Reserved.