The 2022-2023 Lithuanian Economic and Real Estate (RE) Market indicators are presented and analyzed by Chief Investment and Analytics Officer at INREAL Group Tomas Sovijus Kvainickas, Head of Saving and Investment Products of Šiaulių Bankas Tomas Kipišas, CityNow Developer and Manager Vilius Visockas, Partner at Law Firm COBALT Artūras Kojala and expert at COBALT - Andrius Kazlauskas.
In 2022, the Lithuanian economy grew by 2.2%. However, high inflation is expected to be a challenge in 2023, with recovery anticipated in the second half of the year. The primary housing market reached its bottom at the turn of 2022/2023. The main obstacle preventing a pushback from the bottom is a significant decrease in the population's purchasing power. Real estate legislation continues to face one of the most pressing issues, which is the restructuring of land management and use.
About INREAL group
INREAL is a brand of an idea, which gives spark to unique projects, basis for professional services, and added value to businesses, clients, and partners. INREAL positions creativity as a core value in the dynamic business world. INREAL Group, which consists of UAB "Inreal", UAB "Inreal GEO" , UAB "Inreal valdymas" and its managed companies, develops unique real estate (RE) projects and provides probably the widest range of real estate services in 11 cities in Lithuania. The company has engaged in business operations for more than 25 years and implemented more than 70 real estate projects of various purposes, which received recognition and awards at contests not only in Lithuania but on an international scale as well.
Rūta Merčaitienė Head of Marketing and Communication at INREAL group +370 611 29 779 firstname.lastname@example.org