I can imagine that for the next edition of this conference it would therefore be more appropriate to invite Vitas to Amsterdam, so I can make notes on what he has to say. Nevertheless, let me be so free to share some of my thoughts and experiences with every one of you. Let’s together build on a collective set of lessons learned.
Previous crises and downturns have shown us that residential real estate markets are an important concern for both financial and macroeconomic stability. This not only holds for my country, where the drop in house prices starting in 2009 severely prolonged the economic downturn. It is probably also true for a country like Lithuania, where 90% of all households are owneroccupiers.