Russians buy up real estate in Lithuania

Russian citizens buy dozens of properties in Lithuania every month and have purchased almost 300 in the country since the beginning of the year.

Source: Lithuania’s national broadcaster LRT

Russians have purchased 297 properties in Lithuania, mostly apartments, since the beginning of 2023. This is 104 fewer than in 2022 during the same period.

At the beginning of May, a law came into force in Lithuania stating that only Russians with residence permits can buy real estate in the country. However, in the first month of the innovation, this had no significant impact on the trend – Russian citizens bought only 7 fewer properties in May than in April.

The properties Russian citizens buy in Lithuania most often are apartments (119 out of 297), but they also purchase houses, land plots, and buildings for other purposes.

In 2022, Russians bought 401 properties in Lithuania.

Background: Russian citizens in Finland have begun to sell their dachas since restrictions on entering the country were tightened. [A dacha is a sort of summer house, usually with a little plot of land where people grow vegetables, fruit trees and berries, or keep a garden – ed.]

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