2021 – 2022 LITHUANIAN ECONOMIC AND REAL ESTATE MARKET REPORT

The 2021-2022 Lithuanian Economic and Real Estate (RE) Market indicators are presented and analyzed by Chief Investment and Analytics Officer at INREAL Group Tomas Sovijus Kvainickas, Head of Saving and Investment Products of Šiaulių Bankas Tomas Kipišas, Partner at Law Firm COBALT Artūras Kojala, Associate at COBALT Roberta Iškauskaitė and Vilius Visockas, product developer and manager at CityNow.

In 2021, the country's economy grew by 5.1%, achieving one of the best results in Europe. People bought a record amount of housing, and developers introduced a record number of projects to the market. The supply of new housing decreased and prices increased. Whereas the business centre market has been hit harder by the pandemic, with the vacancy rate rising and lease prices remaining at similar levels as at the end of 2020. Changes in logistics chains enabled to expand storage facilities, by mostly using new areas exclusively for own needs.

Press release

LITHUANIAN ECONOMIC AND REAL ESTATE MARKET REPORT

About INREAL group

INREAL is a brand of an idea, which gives spark to unique projects, basis for professional services, and added value to businesses, clients, and partners. INREAL positions creativity as a core value in the dynamic business world. INREAL Group, which consists of UAB "Inreal", UAB "Inreal GEO" , UAB "Inreal valdymas" and its managed companies, develops unique real estate (RE) projects and provides probably the widest range of real estate services in 11 cities in Lithuania. The company has engaged in business operations for more than 25 years and implemented more than 70 real estate projects of various purposes, which received recognition and awards at contests not only in Lithuania but on an international scale as well.

More information:

Rūta Merčaitienė Head of Marketing and Communication at INREAL group +370 611 29 779 ruta.mercaitiene@inreal.lt