With significant decreases in real estate markets around the world, real estate prices in Lithuania have to date been holding up relatively well. Vytautas Azbainis, a lecturer at Mykolas Romeris University who recently concluded a study on real estate bubble in Lithuania, talked to The Baltic Times about the realities of the Lithuanian real estate market and its perspectives.What criteria have you used in your research to establish whether there is a real estate bubble in Lithuania? What are the conclusions?Three types of methods are being used to establish real estate bubbles: analys...
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