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Lithuania
HOME >> COUNTRY REPORTS >> Lithuania
lithuania map
Official name Republic of Lithuania
Capital  Vilnius
Population  3,057,682
Currency  litas(LTL)
Official language   Lithuanian
GDP  $14,086

  STRENGTHS
  WEAKNESSES

The capital Vilnius has seen substantial appreciation of property values

Lithuania enjoys a highly skilled and well educated workforce (the annual number of university graduates per 1,000 inhabitants is the highest in the Baltics).

Vilnius boasts a Baroque Old Town that is the largest in Eastern Europe and praised as the 'New Prague'.

Lithuania represents a blend Western and Eastern European cultures and customs. Its countryside consists of gently rolling green plains, extensive forests and boasts over 4,000 lakes.

The retail market is the most developed segment of Lithuanian real estate market

Local mortgages are available at competitive rates

High inflation

The agony continues for Lithuania’s housing market

The average price of apartments in Lithuania’s five largest cities fell 20%

One of the worst recessions in the EU

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