Urban Edenstrom, BPT Asset Management Managing Director Algirdas Vaitiekunas, and Deputy CEO at East Capital Private Equity Biljana Pehrsson discuss Lithuania’s recovering real estate market.

BALTIC TIMES - Optimism about a real estate recovery in Lithuania was a popular consensus view at the Baltic Real Estate Investment Forum in Vilnius on May 12, with industry experts urging opportunistic property hunters that the market after 2011 would only climb higher.
The threat of towering interest rates by 2015, and the banking sector seriously considering granting major property loans for the first time since the global housing crisis were two key reasons for companies to invest in Lithuanian development property, real estate experts announced at the conference.
“History tells us that future shocks are a certainty. We could have a new Lehman’s every seven years, or every ten,” CEO of Stronghold Invest, Urban Edenstrom, told the audience of industry moguls, referring to the American banking firm Lehman Brothers, whose bankruptcy three years ago was alleged as the primary cause of the recent global financial meltdown. “There is a risk that real long term interest rates might rise significantly by 2015.”

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