€1.5 million
Penthouse in Vilnius, in the Old Town
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.
€3,700
Average price per 1 m²
2.5%
Average price growth per quarter
0.5—21.6%
Associated costs, of the property value
€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
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Material prepared by Julia Loko, Investment programs expert
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
Property owners pay an annual property tax of 0.5%, 1% or 2% 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
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 between 1.5 to 3%.
15%
Capital gains tax on the sale of real estate in Lithuania