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  Lithuania
HOME >> COUNTRY REPORTS >> Lithuania
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Official name Republic of Lithuania
Capital  Vilnius
Population  3,575,439
Currency  litas(LTL)
Official language   Lithuanian
GDP  $15,100
lithuania lines

  STRENGTHS
  WEAKNESSES

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%

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  Offers in Lithuania
Interested in buying property in Lithuania?
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