Real Estate in Lithuania

Recently there appeared a great interest in buying real estate in Lithuania, which can be put to its becoming a member of the European Union. The main advantage of buying real estate in Lithuania lies in the fact that a foreigner gets a long-term multivisa with the help of which one can travel around other countries if the European Union and moreover to get a job in some of them. If to follow a number of rules one can even get a residence permit and hereafter a citizenship.

A lot of citizens are attracted by the variant of buying a very cheap flat not to live in it but to get a visa. Such operation would cost you about 6 thousand EUR.

If to pay attention at the prices for the real estate in Lithuania, one should admit that they are quite low to choose this country. The prices for flats start from 10 thousand dollars and for mansions – from 80 thousand. Analytics claim that Lithuania is in for a short fall of prices but dominantly for the elite real estate.

Laws in Lithuania don’t limit foreigners’ rights for buying real estate in Lithuania. The lands are an exception. But one can’t register a company and formalize the land as its ownership. All the deals are to be confirmed notorially. Notorial services would cost you 2% from the deal cost.

If you prefer to have rest at the well-equipped beaches and to enjoy the sights of ancient towns in the evening the good variants for you to buy real estate in Lithuania are Palanga or Klaipeda which is known as the only working harbor with white sand beaches.

Those who want to earn money can buy real estate in Lithuania to lease it out. The only drawback is that the communication prices are really high.