If you want to buy a property in Lithuania, you can use the services offered by our specialists at our law firm in Lithuania. They can tell you the conditions under which you can buy a house in Lithuania and the legal aspects to take into account. Below our Lithuanian lawyers explain the procedures and requirements in this endeavour.
| Quick Facts | |
|---|---|
| Can expats buy properties in Lithuania? | There are no restrictions on property purchases for foreigners living or relocating to Lithuania. |
|
Legislation for property purchase in Lithuania |
– Real Estate Law in Lithuania, – Law on Land of the Republic of Lithuania |
|
Types of properties you can buy as a foreigner |
residential/ commercial/ industrial properties etc. |
| Property inspection before purchase (YES/NO) | YES |
| Pre-sale agreement required |
A preliminary sale-purchase agreement is signed as part of the property acquisition in Lithuania. |
| Documentation verification made by our law firm in Lithuania |
– property history, – title deed, – cadastral documents, etc. |
| Content of a sale-purchase contract of a property |
– type of property, – location, – size, – name of the buyer and seller, – price of the property, – date of contract, – payment method, etc. |
| Real estate tax in Lithuania |
Ranges from 0.3% to 3% |
| VAT rate for property purchase in Lithuania |
21% for new buildings |
| Can a lawyer in Lithuania represent you with a power of attorney? | Yes, you can be represented with a power of attorney for property purchase in Lithuania. |
| Possibility to buy without visiting Lithuania (YES/NO) |
YES |
| Residence permit issued for buying property in Lithuania |
Not an available option |
| Citizenship application permitted |
No |
| Buying a property in Lithuania through mortgage |
Available option, but specific conditions apply. |
| Legal services offered for buying a property in Lithuania |
We represent clients in the process of buying a property in Lithuania by managing the paperwork and verifying the existing ones. We assure customers that there are no legal problems with the property they want to buy. |
Table of Contents
How to buy a house in Lithuania as a foreigner
If you are a foreigner and want to buy a property in Lithuania, you should know the formalities involved. As there are no restrictions regarding buying a house in Lithuania, the process is quite simple. Below are some essential steps, specifying that our lawyers in Lithuania can help you in this endeavor:
- When you want to buy a house in Lithuania, you must have specialized help for checking the property history.
- You must obtain a certificate issued by the Real Estate Registration Center in Lithuania to confirm the ownership.
- A preliminary sale-purchase contract is signed.
- An advance of 10% of the total price of the property is paid.
- The final sale-purchase contract is signed in front of the notary, and one of our attorneys in Lithuania can represent you in this process.
- Once the taxes are paid, the contract is registered at the Real Estate Registration Center.
How to buy a property in Lithuania and get residency
As mentioned at the beginning of this article, If you want to buy a property in Lithuania and get residency, you must comply with the formalities. Buying a property in Lithuania does not guarantee instant residency. However, it is an advantage that you have a property in Lithuania, when you want to apply for residency in Lithuania. But to learn more about the formalities of obtaining residency in Lithuania, you can opt for the services offered by our Lithuanian lawyers. We can help foreigners with the procedures for immigration to Lithuania.
Taxes on commercial real estate in Lithuania
You should know that the tax on commercial real estate in Lithuania ranges from 0.3 to 1%. You can learn more about the taxes that must be paid when you want to buy a house in Lithuania from our specialists.
Obtaining a mortgage to buy a property in Lithuania
According to the legislation in Lithuania, foreign citizens cannot obtain real estate loans. Even so, company owners can buy properties through mortgage in Lithuania. This type of real estate can be considered as a factor that links the foreigner business holder to property ownership, employment and business cooperation in Lithuania. You can opt for the services offered by our lawyers in Lithuania if you want to buy a property in Lithuania.
Some statistical data about properties in Lithuania
According to the latest data on the housing market in Lithuania, the cities with the highest apartment prices are Vilnius, Klaipėda, Šiauliai, Kaunas, and Panevėžys. Here is what the data shows in this direction:
- A price increase of over 9% was recorded for the properties in the cities mentioned above, in Q2 of 2023.
- In the past 5 years, the house prices in Lithuania increased by approximately 74%.
- In Vilnius, the average price per square meter for a house is around EUR 1,200 – 2,500.
We invite you to talk tous if you want to obtain citizenship in Lithuania if you decide on relocating here and purchase a property. On the other hand, if you want to buy a house in Lithuania, do not hesitate to contact us and ask for more information.