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Photo by Vladimir Ivanovo (V)
Most residents expect home prices to increase over the next three years, although less than last year.
According to a commercial bank Swedbank, 39% of those surveyed expected a price increase, 20% expected a price increase and 18% expected stability.
In 2019, prices were expected to grow 50%, housing 18% and stability 14%.
The current pandemic and the second year of quarantine are changing people’s optimism about the change in house prices. This is an emotional evaluation of the resident. In ligiolin’s experience, while the first quarantine had an impact on housing demand, it did not have a significant impact on prices, says Pavel Ladziato, head of customer service at Swedbank Privai.
According to the survey, a higher proportion of the population (23%) expect a moderate rise in house prices to 5%, a tenth believe that housing should rise in price up to 10% and another 6% expect a higher rise in prices.
The smallest urban dwellers are the ones who most expect higher price growth. Residents of both large cities and rural areas are more likely to expect a moderate price increase of no more than 5%,? Mr Ladziato states in the report.
About 6% of those surveyed believe that the cost of housing is more than 10%. In 2019, it was 2%.
The Lithuanian population survey was commissioned by Swedbank and conducted by the market research and public opinion company Spinter. In late October, 1,009 respondents were interviewed during the survey.
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