Vilnius’ new housing market is witnessing a recovery, and at the same time, new directions for real estate (NT) development are emerging. According to the data of the company “EIKA Development”, this year the most intensive supply of new apartments is concentrated in Pashilaičiai, but it is predicted that in 2028, active development can also be observed in Viršuliškės and Žirmūnai.
This year’s leader is Pashilaičiai
According to Tomas Žiaugras, director of the development department of EIKA Development, this year the area of the most intensive development in the capital is Pašilaičiai, where buyers are offered 1.38 thousand. new apartments.
“In 2026, Pašilaičiai will show the highest concentration in terms of the number of newly built apartments in the entire city. Other districts are currently noticeably behind: for example, 740 apartments are offered in Naujamiestis this year, 720 in Lazdynai, 560 in Pilaite, and 530 new apartments in Viršuliškės,” said T. Žiaugra.
Among the active districts, the smallest development this year is recorded in Žirmūnai, where 460 apartments are offered, as well as in Šnipiškės – 290 apartments are put on the market here. According to the real estate expert, this distribution is determined by the general market trend, when buyers are more confident in buying unfinished housing – 77 percent. all existing offers in Vilnius in the first quarter of this year consisted of objects still under construction.
Three dominant districts in the 2028 forecasts
Looking at the medium-term perspective, the head of the development department of EIKA Development outlined new guidelines for buyers and investors. By 2028, according to him, the real estate map of the capital will transform – the scope of development will be equalized between the three main microdistricts.
“Our forecasts show that in 2028 Pashilaičiai will maintain its leading position with more than 1.3 thousand additional apartments, but the fundamental turning point will occur in Viršuliškės and Žirmūnai. In Viršuliškės, we predict an additional wave of even 1 thousand apartments, in Žirmūnai the development will reach the limit of approximately 800 additional apartments”, T. Žiaugra noted.
The same growth rate, reaching about 800 additional apartments, is predicted for Lazdynas by 2028. At that time, a more moderate addition of approximately 500 apartments is expected in Naujamiestis, Šnipiškės and Pilaite.
Price growth will be slowed down by increased competition and rising EURIBOR
According to the company, in 2026, EURIBOR changes and increased competition for new housing will correct the housing price growth forecasts announced at the beginning of the year. According to T. Žiaugras, in June of this year, the average price per square meter in the economy class of Vilnius reached 3,395 euros, in the average class – 4,420 euros, and in the prestigious class – 6,879 euros. According to him, this is influenced by the recovering demand.
“This year, we forecast a general annual growth of housing prices in Vilnius of 7-8 percent, which is 2-3 percent less than at the beginning of the year, when we were talking about double-digit price growth. Geopolitical processes led to the decisions of the central bank to increase the EURIBOR, and at that time, the projects planned by the developers in 2025 will see the light of day this year, which increases the options for buyers and helps stabilize the situation in the market,” said T. Žiaugra.
The company predicts that during the entire year of 2026, about 6.2 thousand will be sold in Vilnius. of new apartments, which is more than last year, when about 5.9 thousand were sold. would be
Source: “ELTA”.