|
Interest rates in Lithuania are around 3%,
When purchasing the Lithuania property the buyer pays 0.5–1% of the purchased value as a notary and legal registration fee
Since the country’s entrance into the EU, the banks now offer mortgages to local and foreign clients. LTV is available from 70 – 85% at an interest rate of around 4% and for up to 30 years
Lithuania offers one of the lowest corporation taxes in the EU
|
A consumer market of only 3,5 million
An accident in the oil-refining industry led to some deceleration in industrial output and export dynamics at the end of the year
Investment provided a further impetus to the economy and grew overall by just under 12%.
Annual average inflation in 2007 is projected to rise to above 4½%
|