St. Julians, Malta
Dragonara Business Centre, Office 506, Dragonara Road,
Paceville, St Julian’s, STJ 3141 Malta
+356 (277) 811-04
Vienna, Austria
Doblhoffgasse 9, 1010
+43 (650) 540-49-79
All offices

Real estate investment in Lithuania

Foreigners can freely buy, sell and rent out real estate in Lithuania.

Statistics confirm the liquidity of investments: residential real estate prices grow annually by an average of 2.5%. Five years ago, an apartment of 100 m² cost an average of €160,000, and today it is sold for €254,000.

2539 € Average price per 1 m²
of housing in Lithuania
2,5% Average price per 1 m²
increase per quarter
0,5—21,6% Buyers’ related expenses,
of the transaction amount

Cost of a 3-bedroom apartment in Lithuania

€1.5 million

Penthouse in Vilnius,
in the Old Town

€500,000

Apartment in Vilnius, in a 10-minute drive from the Presidential Palace

€300,000

Apartment in Druskininkai

What do investors buy?

The most expensive real estate is in the capital, Vilnius, and the resort town of Druskininkai.

Apartments

  • penthouses and attic apartments
  • apartments

Houses

  • townhouses
  • villas
  • homesteads

Lithuania residence permit or citizenship by real estate investment

Obtaining a Lithuania residence or citizenship is not connected with purchasing real estate.

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Taxes and associated costs

Purchase
Ownership
Sale

Property buyers pay a mandatory notary fee. It is not necessary to register a transaction. When buying a new building, an additional value-added tax is paid.

The associated costs will range from approximately 0.5% to 21.6% of the purchase agreement value. When buying a new apartment worth €250,000 with the contract registration within 1 day, the investor will spend €303,875, including additional costs.

0.45—21.55% Of the contract value are related costs for the purchase of housing in Lithuania
Purchase expenses
VAT

Only for new buildings

21%

Of the transaction amount

Notary fee
0.45%

VAT included

Registration fee

Registration of the transaction is optional

0.05—0.1%

Depends on the registration period

Taxes

Property owners pay an annual property tax of 1% of the average market value.

The income tax of 15% is paid on rental earnings.

€1,540 Approximate annual costs for maintenance of an apartment

Communal payments

Electricity, gas, water, heating, and garbage collection
€85—189 

per month

Internet, TV and telephone
€8—17 

per month

If the seller has owned the property for less than three years, they pay a capital gain tax of 15% on the difference between the sale and purchase prices.

The agency fee ranges from 1.5% to 3%.

15% Capital gains tax on the sale of real estate in Lithuania
Expenses on the sale
Capital gains tax

Paid on the difference between the sale and purchase prices

0—15%
Agency fee
1.5—3%