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Policy Actions for Affordable Housing in Lithuania

image of Policy Actions for Affordable Housing in Lithuania

Many Lithuanian households struggle to afford good-quality housing. The housing stock is dominated by owner-occupied, multi-apartment buildings that are energy inefficient and face persistent quality gaps. While average household spending on housing is relatively low, house prices have been rising, and many households cannot afford to move to higher quality homes that better suit their needs. Lithuanian policy makers have stepped up support for housing in recent years, but more actions are needed. This report presents the main features of the Lithuanian housing market, highlights housing challenges that have been amplified by the current economic and geopolitical crises, and assesses current policies to address housing affordability and quality gaps. It proposes a series of recommendations to strengthen the supply of and access to affordable housing, and to support Lithuania’s commitment to make housing policy a priority.

English

Policies for quality housing at an affordable price in Lithuania

This chapter assesses the current housing policy framework in Lithuania, evaluating the housing support schemes in place to i) improve housing quality and energy efficiency; ii) provide housing support to low-income and vulnerable households; iii) help young households purchase their first home; and iv) formalise the private rental market. It provides a series of recommended policy directions in each area to support policy makers in facilitating access to quality housing at an affordable price, in an increasingly challenging policy context.

English

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