Real Estate and Construction
Strong economic growth in Lithuania and a young inspirational population have created favourable conditions for the swift emergence of a modern retail real estate market, catering to the demands of today’s retailers and consumers and offering prospects for long term rental upturn.
A significant increase in the number of supermarkets, hypermarkets and shopping centres can be seen as a result of the growth in the economy and consumer spending power. Lithuania’s major advantage compared to other Baltic countries is related to the bigger number of cities over 100,000 inhabitants (5 cities). Rapid growth in the regions enables developers to plan modern supermarkets, hypermarkets and shopping centres outside the capital city Vilnius.
Lithuania’s real estate and construction sector:
- among the most developed European countries in terms of shopping centres per capita (165 q.m.);
- modern A and B class offices across the country;
- high potential for the development of economy accommodation and recreation (SPA) hotels as well as conference tourism facilities across the whole country;
The biggest international exhibition on construction and renovation in the Baltic States, RESTA takes place annually in Lithuania’s capital Vilnius. Construction and renovation companies from a number of countries present the newest construction and renovation sector trends at RESTA.
Success stories: Re&Solution, HANNER, OBER-HAUS, Colliers International, EIKA, etc.
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Here you can find the Baltic Property Market Report, which provides an overview of the current commercial property market in Lithuania. This report is prepared by regional provider of integral real estate, financial and investment management services Re&Solution, together with LAWIN and the PricewaterhouseCoopers.
The information is based on external data obtained from official Lithuanian Institutions, leading commercial banks, the opinions of market participants, data from Re&Solution, LAWIN and the PricewaterhouseCoopers.
