Real Estate in Lithuania
Last updated on Dec 23, 2023
Summary: An expat looking to buy a home in Lithuania should begin by researching the local real estate market. They should look for listings on websites such as Arvydas.lt, Domoplius.lt, and Ober-Haus.lt. It is also a good idea to contact a local real estate agent who can provide more detailed information about the properties available. Homes in Lithuania typically include amenities such as central heating, air conditioning, and modern appliances. Many homes also have balconies, terraces, and gardens. Foreigners are allowed to purchase property in Lithuania, but there are some restrictions. Non-EU citizens must obtain a residence permit before they can purchase a property. EU citizens are allowed to purchase property without a residence permit.
How do I find a place to live in Lithuania?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Actually my wife at that time chose this flat due to location. Things to watch out for: a seedy neighbourhood, top and bottom floors, brand-new flats (sub-standard fixtures and settling can cause serious damage), and no shade. The sun can get pretty hot here and if you have no balcony overhand or trees to block the summer sun, June/July can get pretty warm on occasion. Insist on a steel door," said one expat in Vilnius.
"One of the best ways to find a place to live in Lithuania is to use online resources such as websites and real estate agents. Websites such as Realigro, Domoplius, and Aruodas are great for finding apartments, houses, and other types of accommodation. Additionally, real estate agents can be a great resource for finding a place to live in Lithuania, as they can provide more personalized advice and assistance. Additionally, it is also possible to find accommodation through word of mouth, by asking friends and family who may know of available properties," remarked one member in Lithuania.
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What is a typical expat home or apartment like in Lithuania?
"Expat homes and apartments in Lithuania tend to be modern and comfortable, with plenty of natural light and open spaces. Many expats choose to live in the city center, where they can enjoy easy access to public transportation, restaurants, and other amenities. Expat apartments often come with modern appliances, such as dishwashers and washing machines, as well as high-speed internet. Expats may also find that their apartments come with balconies or terraces, providing a great place to relax and enjoy the views," remarked one foreigner who made the move to Lithuania.
"I live in a flat. Houses have only recently come into fashion. So expect to live in a flat, which is considerably cheaper than a house," explained one person living in Vilnius, Lithuania.
What is the average cost of housing in Lithuania?
If you are thinking about moving to Lithuania, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Lithuania is generally considered to be quite affordable compared to other European countries. Prices vary depending on the location and size of the property, but generally, a one-bedroom apartment in a city centre can cost around €400-600 per month, while a three-bedroom apartment in a suburban area can cost around €500-800 per month," remarked one foreigner who made the move to Lithuania.
"Probably higher since a run down flat in Vilnius a couple of years ago cost nerly as much a modern flat in Stockholm, only our wages are consideraby lower than those in Sweden. The Lithuanian ex-pats sending money back home to invest are what is driving the real estate market," explained one person living in Vilnius, Lithuania.
Should I buy or rent a home in Lithuania?
If you have not spent a lot of time in Lithuania, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Lithuania can be a great investment, as the country has a strong economy and a growing real estate market. However, it is important to consider the costs associated with buying a home, such as closing costs, taxes, and maintenance. Renting a home in Lithuania can be a more affordable option, as it does not require a large upfront investment. Additionally, renting can provide more flexibility, as it allows you to move more easily if your circumstances change. Ultimately, the decision to buy or rent a home in Lithuania should be based on your individual needs and financial situation," said one expat who made the move to Lithuania.
What do I need to know when buying property in Lithuania?
When we asked expats what advice they would give a foreigner before buying a property in Lithuania, they said:
"1. It is important to research the local market and understand the current trends in the area before making a purchase. 2. It is important to understand the legal requirements for purchasing property in Lithuania, including any taxes or fees that may be applicable. 3. It is important to have a clear understanding of the property's title and any restrictions that may be in place. 4. It is important to have a clear understanding of the property's condition and any potential repairs or renovations that may be necessary. 5. It is important to have a clear understanding of the local infrastructure and amenities that may be available in the area. 6. It is important to have a clear understanding of the local rental market and any potential rental income that may be available. 7. It is important to have a clear understanding of the local banking and financing options that may be available for the purchase. 8. It is important to have a clear understanding of the local laws and regulations that may be applicable to the purchase," said one expat in Lithuania.
Are foreigners allowed to own property in Lithuania?
When we asked expats what advice they would give a foreigner before buying a property in Lithuania, they said...
"Yes, foreigners are allowed to own property in Lithuania. Non-residents of Lithuania are allowed to purchase real estate in the country, including land, buildings, and apartments. However, they must obtain a permit from the Ministry of Environment in order to do so. Additionally, foreign citizens must register with the State Tax Inspectorate and open a bank account in Lithuania in order to purchase property," said one expat in Lithuania.
What appliances are typically included in a rental?
We asked foreigners in Lithuania what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Lithuania typically include a refrigerator, stove, oven, and washing machine. Other common appliances may include a dishwasher, microwave, and vacuum cleaner. Depending on the property, some landlords may also provide additional items such as a television, air conditioning unit, or furniture," said one foreigner living in Lithuania.
Additional Information about Searching for a Home in Lithuania:
We asked foreigners in Lithuania what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Lithuania by looking online for real estate websites that specialize in the area, such as Arvydas.lt, or by contacting a local real estate agent who can provide more information about the local market. Additionally, expats can search for rental listings on websites such as Airbnb or Booking.com, or join expat forums and Facebook groups to connect with other expats who may have advice or recommendations," explained one expat in Lithuania.
About the Author
Betsy Burlingame is one of the founders of Digital Nomad Exchange and the Founder and President of Expat Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange and Digital Nomad Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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