Macro-economic Data

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    A. Demography and Macroeconomy

    A.1 Population
    VariableEnd of 2018End of 2017End of 2016SourcesVar ID
    Total population2.79 million2.83 million2.87 million
    WDI
    		A.1.1
    Total number of households1.32 million1.36 million1.39 million
    Eurostat
    		A.1.2
    Average household size2.12.12.1
    Eurostat
    		A.1.3
    Urban population (% of total)67.68% of total67.52% of total67.37% of total
    WDI
    		A.1.4
    Urban population growth (annual %)-1.14%-1.18%-1.07%
    WDI
    		A.1.5
    A.2 Economy
    VariableEnd of 2018End of 2017End of 2016SourcesVar ID
    GDP, current prices (U.S. dollars)53,302 USD (millions)47,645 USD (millions)42,991 USD (millions)
    WEO
    		A.2.1
    GDP based on PPP valuation of country GDP (Current international dollar)97,084 USD (millions)91,575 USD (millions)86,310 USD (millions)
    WEO
    		A.2.2
    GDP per capita, current prices (U.S. dollars)18,994.38 USD 16,845.33 USD 14,988.57 USD
    WEO
    		A.2.3
    GDP based on PPP per capita GDP (Current international dollar)34,596.6 USD 32,377.09 USD 30,091.6 USD
    WEO
    		A.2.4
    GDP, constant prices (Percent change)3.49%4.14%2.35%
    WEO
    		A.2.5
    Inflation, end of period consumer prices (Percent change)1.76%3.81%1.96%
    WEO
    		A.2.6
    GDP, deflator (Index)121.22117.33112.51
    WEO
    		A.2.7
    Consumer price index115.68112.64108.60
    WDI
    		A.2.8
    GINI IndexNot available37.3038.40
    WDI
    		A.2.9
    Growth in urban household income (%/year)A.2.13
    Employment (% of total laborforce)A.2.14
    Self-employed10.25%10.34%10.51%
    Statistics Lithuania
    		A.2.14.1
    Unemployed6.1%7.1%7.9%
    Statistics Lithuania
    		A.2.14.3
    Interest Rates:A.2.15
    Yield on 3 months treasury bills  Not available
    IFS
    		A.2.15.2
    Yield on 10-year Government bondNot available.31%.9%
    IFS
    		A.2.15.3
    B. Housing Market
    B.1 Housing Stock: Production, Transactions
    VariableEnd of 2018End of 2017End of 2016SourcesVar ID
    Number of dwelling units:B.1.1
    Total1.45 million1.45 million1.43 million
    Statistics Lithuania
    		B.1.1.1
    Total Urban.97 million.97 million.96 million
    Statistics Lithuania
    		B.1.1.2
    Characteristics of housing stock:B.1.3
    Average dwelling unit size-existing68.4 sq.mt68.2 sq.mt67.9 sq.mt
    Statistics Lithuania
    		B.1.3.1
    Tenure in urban areas (%):B.1.4
    Owner-occupied units89.9% of total89.7% of total90.3% of total
    Eurostat
    		B.1.4.1
    % of owner units with a mortgage12.6% of total11.1% of total10.2% of total
    Eurostat
    		B.1.4.2
    Private rental units1.2% of total1.5% of total1.3% of total
    Eurostat
    		B.1.4.3
    Public / social rental units8.9% of total8.7% of total8.3% of total
    Eurostat
    		B.1.4.4
    Estimated Number of units completed/yearB.1.5
    Formal sector/registered12,203 units11,041 units12,703 units
    Statistics Lithuania
    		B.1.5.1
    B.2 Housing Prices and Cost for Urban Areas or Capital City
    VariableEnd of 2018End of 2017End of 2016SourcesVar ID
    Median urban house price in USD:B.2.1
    Median house price to median annual HH income:B.2.2
    Annual average % change in median house prices:B.2.3
    M2 construction cost for median quality houseB.2.4

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    Notes:
    Notes:
    Notes: Land tax varies from 0.01-4% of market value of land. Progressive real estate tax from 0.5-2% only applies to property values over EUR220,000 (~USD275,000)
    Notes: Land tax varies from 0.01-4% of market value of land. Progressive real estate tax from 0.5-2% only applies to property values over EUR220,000 (~USD275,000)
    Notes: Land tax varies from 0.01-4% of market value of land. Progressive real estate tax from 0.5-2% only applies to property values over EUR220,000 (~USD300,000)
    Notes: Land tax varies from 0.01-4% of market value of land. Progressive real estate tax from 0.5-2% only applies to property values over EUR220,000 (~USD300,000)
    Notes: Land tax varies from 0.01-4% of market value of land. Progressive real estate tax from 0.5-2% only applies to property values over EUR220,000 (~USD300,000)
    Notes: Land tax varies from 0.01-4% of market value of land. Progressive real estate tax from 0.5-2% only applies to property values over EUR220,000 (~USD325,000)
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households
    Notes: % of households with market rate rent
    Notes: % of households with market rate rent
    Notes: % of households with market rate rent
    Notes: % of households with market rate rent
    Notes: % of households with market rate rent
    Notes: % of households with market rate rent
    Notes: % of households with market rate rent
    Notes: % of households with market rate rent
    Notes: % of households with market rate rent
    Notes: % of households with market rate rent
    Notes: % of households with market rate rent
    Notes: % of households with market rate rent
    Notes: % of households with market rate rent
    Notes: % of households with market rate rent
    Notes: % of households with reduced rent
    Notes: % of households with reduced rent
    Notes: % of households with reduced rent
    Notes: % of households with reduced rent
    Notes: % of households with reduced rent
    Notes: % of households with reduced rent
    Notes: % of households with reduced rent
    Notes: % of households with reduced rent
    Notes: % of households with reduced rent
    Notes: % of households with reduced rent
    Notes: % of households with reduced rent
    Notes: % of households with reduced rent
    Notes: % of households with reduced rent
    Notes: % of households with reduced rent
    Notes: 15% flat tax rate is imposed on gross rental income
    Notes: 15% flat tax rate is imposed on gross rental income
    Notes: 15% flat tax rate is imposed on gross rental income
    Notes: 15% tax imposed on gross rental income
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: Busto paskolu draudimas was established by the Gov of Lithuania as a housing mortgage provider in 1998. Its insurance license was revoked on January 28, 2016.
    Notes: Busto paskolu draudimas was established by the Gov of Lithuania as a mortgage insurance provider in 1998
    Notes: Busto paskolu draudimas was established by the Gov of Lithuania as a mortgage insurance provider in 1998
    Notes: Busto paskolu draudimas was established by the Gov of Lithuania as a mortgage insurance provider in 1998
    Notes: Busto paskolu draudimas was established by the Gov of Lithuania as a mortgage insurance provider in 1998
    Notes: Busto paskolu draudimas was established by the Gov of Lithuania as a mortgage insurance provider in 1998
    Notes: Busto paskolu draudimas was established by the Gov of Lithuania as a mortgage insurance provider in 1998
    Notes: Busto paskolu draudimas was established by the Gov of Lithuania as a mortgage insurance provider in 1998
    Notes: Busto paskolu draudimas was established by the Gov of Lithuania as a mortgage insurance provider in 1998
    Notes: Busto paskolu draudimas was established by the Gov of Lithuania as a mortgage insurance provider in 1998
    Notes: Busto paskolu draudimas was established by the Gov of Lithuania as a mortgage insurance provider in 1998
    Notes: Busto paskolu draudimas was established by the Gov of Lithuania as a mortgage insurance provider in 1998
    Notes: Busto paskolu draudimas was established by the Gov of Lithuania as a mortgage insurance provider in 1998
    Notes: Busto paskolu draudimas was established by the Gov of Lithuania as a mortgage insurance provider in 1998
    Notes: Busto paskolu draudimas was established by the Gov of Lithuania as a mortgage insurance provider in 1998
    Notes: Busto paskolu draudimas was established by the Gov of Lithuania as a mortgage insurance provider in 1998
    Notes: Busto paskolu draudimas was established by the Gov of Lithuania as a mortgage insurance provider in 1998
    Notes: Busto paskolu draudimas was established by the Gov of Lithuania as a mortgage insurance provider in 1998
    Notes: Busto paskolu draudimas was established by the Gov of Lithuania as a mortgage insurance provider in 1998
    Notes: Busto paskolu draudimas was established by the Gov of Lithuania as a mortgage insurance provider in 1998
    Notes: Busto paskolu draudimas was established by the Gov of Lithuania as a mortgage insurance provider in 1998
    Notes: Busto paskolu draudimas was established by the Gov of Lithuania as a mortgage insurance provider in 1998
    Notes: Capital gains are subject to a 15% flat tax. However, real property owned for at least three years are tax exempt
    Notes: Capital gains are subject to a 15% flat tax. However, real property owned for at least three years are tax exempt
    Notes: Capital gains are subject to a 15% flat tax. However, real property owned for at least three years are tax exempt
    Notes: Capital gains are subject to a 15% flat tax. However, real property owned for at least three years are tax exempt
    Notes: Creditor must disclose agreed fee
    Notes: Creditor must disclose agreed fee
    Notes: Creditor must disclose agreed fee
    Notes: Creditor must disclose agreed fee
    Notes: Creditor must disclose agreed fee
    Notes: Creditor must disclose agreed fee
    Notes: Creditor must disclose agreed fee
    Notes: Creditor must disclose agreed fee
    Notes: Creditor must disclose agreed fee
    Notes: DTSI cap of 40% with some exceptions up to 60%
    Notes: DTSI cap of 40% with some exceptions up to 60%
    Notes: DTSI cap of 40% with some exceptions up to 60%
    Notes: DTSI cap of 40% with some exceptions up to 60%
    Notes: DTSI cap of 40% with some exceptions up to 60%
    Notes: DTSI cap of 40% with some exceptions up to 60%
    Notes: DTSI cap of 40% with some exceptions up to 60%
    Notes: DTSI cap of 40% with some exceptions up to 60%
    Notes: Estimate
    Notes: Estimate
    Notes: Estimate
    Notes: Estimate
    Notes: Estimate
    Notes: Estimate
    Notes: Estimate
    Notes: Estimate
    Notes: Estimate
    Notes: Estimate
    Notes: Estimate
    Notes: Land tax varies from 0.01-4% of market value of land.
    Notes: Land tax varies from 0.01-4% of market value of land.
    Notes: Land tax varies from 0.01-4% of market value of land.
    Notes: Land tax varies from 0.01-4% of market value of land.
    Notes: Land tax varies from 0.01-4% of market value of land.
    Notes: Land tax varies from 0.01-4% of market value of land.
    Notes: Land tax varies from 0.01-4% of market value of land.
    Notes: Land tax varies from 0.01-4% of market value of land.
    Notes: Land tax varies from 0.01-4% of market value of land.
    Notes: Land tax varies from 0.01-4% of market value of land.
    Notes: Land tax varies from 0.01-4% of market value of land.
    Notes: Land tax varies from 0.01-4% of market value of land.
    Notes: Land tax varies from 0.01-4% of market value of land.
    Notes: Land tax varies from 0.01-4% of market value of land.
    Notes: Land tax varies from 0.01-4% of market value of land.
    Notes: Land tax varies from 0.01-4% of market value of land. Progressive real estate tax from 0.5-2% only applies to property values over EUR220,000 (~USD250,000)
    Notes: Land tax varies from 0.01-4% of market value of land. Progressive real estate tax from 0.5-2% only applies to property values over EUR220,000 (~USD250,000)
    Notes: Land tax varies from 0.01-4% of market value of land. Progressive real estate tax from 0.5-2% only applies to property values over EUR220,000 (~USD250,000)
    Notes: Land tax varies from 0.01-4% of market value of land. Progressive real estate tax from 0.5-2% only applies to property values over EUR220,000 (~USD260,000)
    Notes: Land tax varies from 0.01-4% of market value of land. Progressive real estate tax from 0.5-2% only applies to property values over EUR220,000 (~USD270,000)
    Notes: Land tax varies from 0.01-4% of market value of land. Progressive real estate tax from 0.5-2% only applies to property values over EUR220,000 (~USD290,000)
    Notes: Land tax varies from 0.01-4% of market value of land. Progressive real estate tax from 0.5-2% only applies to property values over EUR220,000 (~USD290,000)
    Notes: Lithuanian Central Credit Union lends to its member credit unions for mortgage origination
    Notes: Lithuanian Central Credit Union lends to its member credit unions for mortgage origination
    Notes: Lithuanian Central Credit Union lends to its member credit unions for mortgage origination
    Notes: Lithuanian Central Credit Union lends to its member credit unions for mortgage origination
    Notes: Lithuanian Central Credit Union lends to its member credit unions for mortgage origination
    Notes: Lithuanian Central Credit Union lends to its member credit unions for mortgage origination
    Notes: Lithuania's system for registering a property/title is among the most efficient in the world. The system is fully computerized
    Notes: Lithuania's system for registering a property/title is among the most efficient in the world. The system is fully computerized
    Notes: Lithuania's system for registering a property/title is among the most efficient in the world. The system is fully computerized
    Notes: Lithuania's system for registering a property/title is among the most efficient in the world. The system is fully computerized
    Notes: LTV cap at 85%
    Notes: LTV cap at 85%
    Notes: LTV cap at 85%
    Notes: LTV cap at 85%
    Notes: LTV cap at 85%
    Notes: LTV cap at 85%
    Notes: LTV cap at 85%
    Notes: LTV cap at 85%
    Notes: Max tenure of 30 years
    Notes: Max tenure of 30 years
    Notes: Max tenure of 30 years
    Notes: Max tenure of 30 years
    Notes: Max tenure of 30 years
    Notes: Max tenure of 30 years
    Notes: Max tenure of 30 years
    Notes: Max tenure of 30 years
    Notes: new regulation introduced in 2015 that shortened the maximum term by 10 years
    Notes: Nordea and DNB merged to form Luminor
    Notes: Property sale tax of 21% only on new buildings
    Notes: Property sale tax of 21% only on new buildings
    Notes: Property sale tax of 21% only on new buildings
    Notes: Property sale tax of 21% only on new buildings
    Notes: Property sale tax of 21% only on new buildings
    Notes: Property sale tax of 21% only on new buildings
    Notes: Property sale tax of 21% only on new buildings
    Notes: Property sale tax of 21% only on new buildings
    Notes: Property sale tax of 21% only on new buildings
    Notes: Property sale tax of 21% only on new buildings
    Notes: Property sale tax of 21% only on new buildings
    Notes: Property sale tax of 21% only on new buildings
    Notes: Property sale tax of 21% only on new buildings
    Notes: Property sale tax of 21% only on new buildings
    Notes: Property sale tax of 21% only on new buildings
    Notes: Property sale tax of 21% only on new buildings
    Notes: Property sale tax of 21% only on new buildings
    Notes: Right to early repayment, withdrawal, and information
    Notes: Right to early repayment, withdrawal, and information
    Notes: Right to early repayment, withdrawal, and information
    Notes: Right to early repayment, withdrawal, and information
    Notes: Right to early repayment, withdrawal, and information
    Notes: Right to early repayment, withdrawal, and information
    Notes: Right to early repayment, withdrawal, and information
    Notes: Right to early repayment, withdrawal, and information
    Notes: Right to early repayment, withdrawal, and information
    Notes: Rounded average LTV ratio for new mortgages
    Notes: Rounded average LTV ratio for new mortgages
    Notes: Rounded average LTV ratio for new mortgages
    Notes: Rounded average LTV ratio for new mortgages
    Notes: Subsidy of 10-20% of housing loan amount is offered by the government to individuals or families under certain income and asset requirements. It can be used to subsidize loan payment or to subsidize the down payment.
    Notes: Subsidy of 10-20% of housing loan amount is offered by the government to individuals or families under certain income and asset requirements. It can be used to subsidize loan payment or to subsidize the down payment.
    Notes: Subsidy of 10-20% of housing loan amount is offered by the government to individuals or families under certain income and asset requirements. It can be used to subsidize loan payment or to subsidize the down payment.
    Notes: Subsidy of 10-20% of housing loan amount is offered by the government to individuals or families under certain income and asset requirements. It can be used to subsidize loan payment or to subsidize the down payment.
    Notes: Subsidy of 10-20% of housing loan amount is offered by the government to individuals or families under certain income and asset requirements. It can be used to subsidize loan payment or to subsidize the down payment.
    Notes: Subsidy of 10-20% of housing loan amount is offered by the government to individuals or families under certain income and asset requirements. It can be used to subsidize loan payment or to subsidize the down payment.
    Notes: Subsidy of 10-20% of housing loan amount is offered by the government to individuals or families under certain income and asset requirements. It can be used to subsidize loan payment or to subsidize the down payment.
    Notes: Subsidy of 10-20% of housing loan amount is offered by the government to individuals or families under certain income and asset requirements. It can be used to subsidize loan payment or to subsidize the down payment.
    Notes: Subsidy of 10-20% of housing loan amount is offered by the government to individuals or families under certain income and asset requirements. It can be used to subsidize loan payment or to subsidize the down payment.
    Notes: Subsidy of 10-20% of housing loan amount is offered by the government to individuals or families under certain income and asset requirements. It can be used to subsidize loan payment or to subsidize the down payment.
    Notes: The sole state-owned insurer had its license revoked on January 28, 2016
    Notes: up to 60 with special interest rates
    Notes: up to 60 with special interest rates
    Notes: up to 60 with special interest rates
    Notes: up to 60 with special interest rates