Rent prices continue to fall

VILNIUS - The number ofthe rent-able apartments is continuing to grow, and the pricesdecrease. In Vilnius and Klaipeda the rent prices have fallen on 40%,compared to the prices in year 2008, and have halved in Kaunas.

As always, theprice-cutting was forced by the growth of the amount of offers. InVilnius about 4700 object are rent-able, in Kaunas 's 400, inKlaipeda 's 500. Compared to the October of 2007, five times moreobjects are offered on the market, as for Kaunas and Klaipeda, thisnumber is more then ten times bigger now.

Right now, the rent inVilnius varies from 500 to 800 lits (141 's 227 euros ) for aone-room apartment and, from 600 to 1200 lits (170 's 340 euros) fora two-room apartment. In Klaipeda a one-room apartment can be rentedfor a price from 500 to 700 lits (141 's 198 euros) and for a twobedroom apartment you will pay about 800 (226 euros). In Kaunas youcan find a one-room place for 370 lits (104 euros), and a two-roomapartment for 700 (198 euros).