Record supply
According to “Citus”, the new housing market in the capital was supplemented in May with 1089 new apartments in nine different projects. Currently, the total supply in Vilnius is 6436 housing units.
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According to “Realco”, in May the supply in the new housing market in Vilnius reached nearly 6 thousand for the first time. Until now, the largest supply was recorded in June 2025, when there were 5.6 thousand apartments on the market.
Currently, buyers in the capital’s primary market can choose from 5,407 apartments offered by real estate developers. This is the largest number of available apartments in the last decade. The supply of newly built apartments has grown by 33% over the last two months, calculates “Hanner”.
“In the past couple of months, supply has doubled sales, which is good news for buyers and a signal to developers that competition will increase soon,” said Arvydas Avulis, Chairman of the Board of “Hanner”.
Calculations by different real estate companies differ due to methodological differences.
“Current demand results suggest two hypotheses: either second-home buyers are waiting until the last moment, or they already make up a larger share of buyers, and first-home buyers (waiting for a lower down payment) or regular market participants (changing homes, able to pay a 15% down payment) are postponing their purchase. This would mean that the housing affordability problem is becoming relevant again,” pondered Tomas Sovijus Kvainickas, Head of Investments and Analysis at the “Inreal” group.
However, buyers did not take advantage of the supply boom in May – 512 housing units were sold, according to “Citus” data. This is the lowest result since July 2025 and 16.6% less than the previous month.
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“Realco” calculates that 471 apartments were sold in Vilnius in May, and at the end of the month the total stock of unsold apartments was 5945. According to Marijonas Chmieliauskas, Sales Director of the project development company “Realco”, after a more active April, when 514 apartments were sold in Vilnius, the sales pace slowed somewhat in May.
According to M. Chmieliauskas, EURIBOR fluctuates slightly and remains around 2.5%.
“As long as geopolitical tension continues, the market reacts sensitively to oil price changes, so people still find it difficult to predict under what conditions borrowing will be possible in the near future,” emphasized M. Chmieliauskas.
Buyers are concerned not only about this. The arrival of a drone in Lithuania also influenced more cautious decisions.
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