Property Investor information: Lithuania
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Property Investor information for: Lithuania
Three Baltic countries Lithuania, Latvia and Estonia, all of them former Soviet republics and since this spring NATO and EU members, show remarkable achievements in their real estate market developments. It's fair to say that they represent successful stories among the former Soviet block countries, showing clear political and economic strategies, mobilization of the world diasporas, realistic plans and excellent (so far) results.
Residential real estate market is in full take off, reaching 40-50% in Lithuanian capital Vilnius, where the prices in the past started at lower level. In absolute figures the prices in the capital prices vary slightly from EURO 800-900/sq.m for old housing to EURO 1,000-1,200/sq.m for newly built apartments. In the old historic towns the prices for renovated apartments are higher, ranging from EURO 1,000 to EURO 2,000/sq.m.
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