Assessing Lithuanian housing market for bubble

Arvydas Jadevicius
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Abstract

This is a simple practice undertaking assessing Lithuanian housing market for bubble. A triangulation of historical comparison and Price to Income Ratio are used to screen the market. The overall estimates suggest that current house prices in Lithuania are within historical averages and statistical thresholds. Housing is certainly not in a bubble. Considering market prospects, prices have room for further inflation, ceteris paribus. Prospective buyers are advised to enter the market even though current house price levels may seem elevated for some, whereas the best time to buy a property was twenty years ago anyway. For institutions that have a long-term investment horizon, multifamily in key Lithuanian cities is an attractive investment conduit.
评估立陶宛房地产市场的泡沫
这是评估立陶宛房地产市场泡沫的简单做法。历史比较和价格收入比的三角测量被用来筛选市场。总体估计表明,立陶宛目前的房价处于历史平均水平和统计阈值之内。楼市当然没有泡沫。考虑到市场前景,在其他条件不变的情况下,价格有进一步上涨的空间。建议潜在买家进入市场,即使目前的房价水平对一些人来说似乎很高,而购买房产的最佳时机是20年前。对于有长期投资眼光的机构来说,立陶宛主要城市的多户住宅是一个有吸引力的投资渠道。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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