Again, the market slowed down during the period of a second nation-wide lockdown at the end of 2020, but this dip in market activity was neither as deep nor as prolonged as that at the onset of the pandemic.
With demand for housing high and supply limited – given that acquiring suitable land, obtaining building permits, and ensuring building supplies and builders themselves takes time – housing price growth in Lithuania picked up, reaching 13.3 % in Q2 of 2021 – the most rapid increase since early 2008.