Property for Sale in Lithuania

Location, climate, and economy

Lithuania (officially the Republic of Lithuania) is a country located in Northern Europe, on the southeastern coast of the Baltic Sea. The country is a Member of the EU, UN, NATO, Council of Europe. The climate is transitional from maritime to continental.

The economy is based on the chemical, machine-building, woodworking industries, IT technologies, and agricultural production. The following service sectors are developed: trade, financial, tourism, transportation, warehousing, etc.

Real estate market in Lithuania

Demand for real estate in Lithuania is growing with limited supply, due to rising prices for building materials, a shortage of workers, many companies have frozen the start of new projects, some companies are suspending sales. All this drives up prices. The economic recovery from the pandemic-related downturn is boosting demand and investment. But uncertainty remains against the backdrop of a complication of the geopolitical situation. According to experts, in the near future the cost of real estate in Lithuania will continue to increase (especially primary real estate), however, the pace of such an increase is slowing down. Due to the above factors, buyers have a greater demand for residential real estate in Lithuania in the secondary fund. There is a reason to believe that the situation in the primary market will become more favorable as international tensions are removed and logistics is restored in full. Foreign investors generally do not lose interest in projects in this area, a large number of migrants come who are ready to make investments or replenish the number of tenants. Reviews of homebuyers in the residential complex report that the facilities being built meet construction quality standards.

Property price in Lithuania (per sq.m):

• apartments in large cities: from 800 euros - in Siauliai, from 1,100 euros - in Kaunas, from 1,200 euros - in Klaipeda, from 2,200 euros - in Vilnius;
• houses, cottages, villas - from 1,100 euros;
• commercial premises: trade and service - from 3,500 euros, production and storage - from 1,896 euros.

Given the significant dynamics of price changes, it is necessary to use only information that is relevant at the time of the request.

Property types for sale

The following types are on the market:

• residential (primary, secondary) - apartments, houses, cottages, etc.,
• commercial fund (hotels, shops, warehouses, offices, etc.)
• land plots.

Real estate website in Lithuania

The sale of real estate in Lithuania is regulated in detail by law, transactions are transparent and safe, however, in order to minimize risks when concluding transactions, it is advisable to use the information of experts and follow their recommendations. The real estate website GEOLN.COM (with a convenient search interface) contains a catalog of real estate in Lithuania with various objects for sale.

Buying real estate in Lithuania by foreigners (nuances)

In accordance with the law, foreigners have the right to purchase real estate without restrictions, except for land plots, which can only be purchased by foreign entities that meet the criteria for European and transatlantic integration. The issuance of a residence permit or citizenship for real estate is not provided, as a result of its purchase, you can use the right to a multiple Schengen visa, which allows you to stay in the country and other EU countries for up to 180 days. A residence permit is obtained on the basis of study, work or business.

Buying real estate in Lithuania is beneficial for the purpose of generating income from renting and living in a European country with a stable economy.