The second quarter of 2025 in the Vilnius real estate (RE) market continues to show a strong recovery and growth after the stagnation observed last year. In April-June, 1,199 apartments were sold in Vilnius, compared to 641 in the same period last year. When assessing the entire first half of the year, sales are twice as high as in 2024, and the supply of apartments has also grown impressively – currently in Vilnius it reaches a record number, more than 5 thousand apartments. The market also sees an increase in apartment prices.
According to EIKA Development, 1,199 apartments were sold in Vilnius in the second quarter of this year, of which the majority, 816, are currently under construction, and 383 are completed. Considering the entire first half of the year, almost twice as many apartments (87 percent) were sold this year than last year.
In the second quarter of 2025, the most popular were economy class apartments, with 584 sold, middle class – 556, and prestigious – 59.
EIKA Development’s market share in the second quarter of 2025 reached a solid 10.7 percent.
The supply of new apartments in Vilnius continued to grow. In the second quarter of 2025, 1,719 new apartments were offered to the market, compared to 1,097 in the same period last year. When assessing the entire first half of the year, the growth is even more impressive: in January-June 2024, 2,212 new apartments were offered to the market, compared to 3,858 in the same period in 2025.
In the second quarter of the year, the market saw the largest number of economy-class apartments, 925, middle-class – 616, and prestigious – 178.
Currently, buyers can choose from 5,014 apartments in the Vilnius primary market – this is a record supply and the first time that the supply of available apartments has exceeded the 5,000 apartment threshold. Of these, 78 percent (3,930 apartments) are under construction, the remaining supply – 1,084 apartments have been built, which can be physically visited and inspected. For comparison, in the second quarter of last year, buyers could choose from 4,274 apartments. Evaluating the first half of the year, the supply is 17 percent higher than in the same period last year.
The second quarter of this year also saw a rise in apartment prices – since the previous quarter, the total average supply price increased by 2.4 percent, that is, in the first quarter of the year, the average supply price of apartments in Vilnius reached 3,687 euros per square meter, and in the second – 3,775 euros.
Prices in economy and prestige classes rose by 4 percent each, while in the middle class they symbolically decreased by 1 percent.
“The first half of the year ended by confirming the trend observed throughout the year, that the Vilnius real estate market recovered after the previous stagnation in 2022-2023, and both buyers and real estate developers are trying to make up for this time. We continue to monitor both growing sales and the supply of new apartments – these are signs of a strong, vibrant, balanced market, so we continue to plan for growth and look for the best ways to invest effectively and offer the best new projects to potential buyers,” said Tomas Žiaugra, Development Director at EIKA Development.