Russians continue to actively buy real estate in Lithuania



Russian citizens bought 700 real estate objects in Lithuania this year. Compared to the previous year, 2021, this is only 100 less, Lithuanian public broadcaster LRT reported on Tuesday.

Russia’s war in Ukraine continues and new Schengen visas are not issued to Russian citizens not only in Latvia, but also in Lithuania. However, the number of real estate purchased by Russian citizens has not significantly decreased, said the Chairman of the National Security and Defense Committee of the Lithuanian Parliament. Laurins Kaschus.

He explained that amendments are currently being considered in parliament to avoid a situation where Russian citizens buy property in Lithuania, where a state of emergency has been declared due to Russia’s invasion of Ukraine.
The Lithuanian Ministry of Internal Affairs has stated that the property does not entitle its owner to obtain a residence permit or national visa in Lithuania, nor is it a basis for the entry of a Russian citizen into Lithuania.
According to the Lithuanian Registration Center, citizens of Belarus also bought real estate in Lithuania this year. Specifically, they purchased 380 properties versus 390 properties a year earlier.
The average cost of real estate purchased by Russian and Belarusian citizens in Lithuania this year is 80,000-90,000 euros.

Source: delfi

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