A survey commissioned by real estate development company EIKA Development shows that only a small proportion of people who have already withdrawn or plan to withdraw funds from second-tier pension funds plan to invest them in real estate. Among those who are preparing to do so, most are interested in buying housing for rent or investment, with new construction apartments being the most popular.
Of all those who participated in the survey, more than 77 percent said they had accumulated funds in second-pillar pension funds, of which 28 percent had already withdrawn the accumulated funds, and 32 percent were still considering doing so in the future.
Of those who have already withdrawn funds or are considering doing so, almost 16 percent said they plan to invest them in the purchase of real estate, 23 percent say they have not yet decided, and 61 percent already know that they will not invest in real estate.
Among those planning to invest in real estate, the majority want to buy housing for rent or investment (25 percent), almost as many want to invest funds withdrawn from pension funds in their first home or purchase a larger/better home for their life (23 percent each). 9 percent plan to invest in leisure housing, homesteads, summer cottages, and the same number are preparing to allocate money for housing or its rental abroad.
Almost 32 percent of respondents are most interested in new construction apartments, 23 percent – old construction, 14 percent – cottages and houses, 11 percent – homesteads and summer cottages, 7 percent – housing abroad. The remaining respondents are interested in other options or have not yet decided.
“After the announcement of the possibility of withdrawing accumulated funds from second-tier pension funds, there were and still are many considerations about what people will do with that money. Investments in real estate were often mentioned as one of the options. So far, after the first stage of withdrawals, we do not see that this has become a mass phenomenon; the survey only confirmed that although there will be people investing in real estate, it will probably not become a very common decision,” comments Tomas Žiaugra, Development Director at EIKA Development.
According to him, such trends did not surprise real estate developers.
“In recent years, the real estate market in Vilnius has remained stable, sales growth compared to previous years was significant even before the influx of money from second-tier pension funds into the market began. According to our calculations, this money will help some buyers make a decision to purchase a home, but this will not be a critical factor for real estate developers. In any case, the most important thing is that after assessing all the options, people invest their money to secure their safer future and not lose their savings due to expected inflation,” notes T. Žiaugra.
A representative quantitative survey, in which 596 respondents participated, was conducted on April 21-27, 2026 by the survey platform “Delfi Surveys”, in cooperation with “Syno International”.