More than a quarter of people living in Lithuania have moved from one home to another at least five times in their lives, according to a survey commissioned by Luminor Bank. Frequent change of place of residence is characteristic of residents of big cities, but this is not the main factor determining the move, notes Edvinas Jurevičius, Head of Retail Banking at Luminor Bank.
Lithuanian residents move from one place to another the least often of the three Baltic countries – on average 2.9 times each. Residents of Latvia have changed their housing 3.08 times, and Estonians – as many as 3.49 times.
“We can see that in all three countries there is a correlation between the amount of income and the number of houses changed – the higher the income, the more often a person has changed houses. Therefore, one of the main reasons why people move more often in Estonia is probably higher income – in terms of net wages, Estonia is one step ahead of Latvia and Lithuania”, says E. Jurevičius.
Another reason is that young people in Estonia leave their parents’ homes among the youngest in Europe, at an average age of 22.7 years, according to the latest Eurostat data. In Lithuania – 24.7, in Latvia – 26.8 years of age.
On the other hand, although the people of Lithuania have settled down, even a quarter have changed their place of residence five times or even more. Only 8% have never moved in their life. of people from Lithuania who participated in the survey. Once or twice – 16 percent. of those interviewed.
“Although it may seem that people of the youngest generation move mostly, the older ones are not far behind them either. For example, a fifth of 45-54 year olds. 20 years old Lithuanians have changed their place of residence five or more times,” says an expert from Luminor Bank.
According to E. Jurevičius, people who currently live in Vilnius and Kaunas counties are the most likely to move – 3.14 and 3.05 times, respectively. It is likely that this is related not only to the amount of income, but also to a more active rental market and a large share of people who migrate to these cities for study or work opportunities and create a life in them.
“The situation is completely different in Marijampole and Taurage – in these counties, the majority of the population moved only once or twice. It is often related to the beginning of an independent life, after leaving the parents’ house or when the family grows”, says E. Jurevičius.
The expert reminds that those who are thinking about owning their own home, it is worth taking a look at the currently valid home purchase benefits in Lithuania. One of them applies to young families buying their first home in the regions. Another is a housing loan partially compensated by the state in any region of Lithuania; under this program, 15-30 percent is subsidized. received home loan amounts (or the balance of this loan).
* The Luminor Bank survey was conducted in 2023. at the end, in cooperation with the research agency Norstat. 1,000 people aged 25-65 were surveyed in each Baltic country.
According to the press release
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– 2024-03-30 05:28:40
