Be Careful
I think that you should do some research before leaping into the Lithuanian market right now.
The economies for all three of the Baltic States - Estonia, Latvia and Lithuania - are all closely linked and all three have seen stellar increases in property price over the past few years, as has been the case with the countries' GDPs.
But economists are now getting increasingly worried that the economies of the countries are over-heating. Some are even talking about a complete economic meltdown. The Financial Times and The Economist have both published quite alarming reports about the region in the past month.
As I mentioned earlier, the three Baltic economies are very closely linked. In Estonia, there have been reports for several months of speculators having to sell offplans below cost price once they hit the secondary market. Some are even choosing to walk away from their deposits.
In Latvia, prices peaked in April and have fallen a little - around 3-5% since then.
From what I understand, prices in Lithuania are stable at the moment, but the chances that the fears from the neighbouring countries will start to impact the market negatively are quite high.
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