Brighter on the Baltic

Lithuania is the largest of the Baltic States in terms of population with 2.9 inhabitants – almost half that of the three countries combined. But its real estate investment market is very unlike Poland’s, in that the make-up of the investors in the current real estate investment volumes in the Lithuanian market is overwhelmingly of a domestic or local origin. Last year, 80 pct of the turnover was accounted for by domestic players and the remaining 20 pct came from investors from other Baltic countries. And also in contrast to Poland, real estate investment in Lithuania has taken a bigger hit during the recent downturn, perhaps due to the size of the country and the perception that it is at more risk from geopolitical factors. The investment volumes last year were, in fact, rather disappointing “In 2024, investment volumes in Lithuania and the Baltic region were notably low. For Lithuania, the total investment volume of EUR 214 mln marked the lowest level in the past d