On the contrary – the housing market has gotten over the initial scare and recovered back to the new highs. Towards autumn, new house sales already exceeded the average rate of several previous years. And today, we hear more voices discussing new record numbers of transactions in the housing market. What were the reasons behind the resilience of the housing market?
We do have certain answers, but they are not yet complete and, probably, not definitive. I am therefore eagerly looking forward to today’s discussions and, in order to kick-start them, I will provide several possible explanations. First, I would like to mention positive demographic changes, particularly in Vilnius – our capital city.