Real estate in Baltic promptly becomes cheaper
In April prices for the real estate in Vilnius have decreased on 3,2 %, in Kaunas - on 2,9 %, in Klaipeda - on 1,4 %, in Shaulyai - on 2,2 %.
Thus in current and following year the prices for real estate in Lithuania can decrease on 20-30 %. Such forecast has been presented by senior analysts of Danske Bank in Baltic Region. They prove that now in Estonia and Latvia the prices for real estate have decreased on 10-15 %, and Lithuania “lags behind Estonia for two quarters”.
According to some politicians and analysts’ forecasts, financial crisis in Lithuania is expected in the second half of 2008. Some experts predict growth of inflation up to 17 %.
In the government of Lithuania similar messages are named as a part of pre-election campaign of opposition and declare decrease in inflation in second half of 2008.
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