Russians are actively buying real estate in Lithuania
Russian citizens buy several dozen real estate units in Lithuania every month, and since the beginning of the year, they have purchased almost 300 properties in the country.
This is stated in the material of the Lithuanian public broadcaster LRT.
Since the beginning of 2023, Russian citizens have purchased 297 properties in Lithuania, mostly apartments. This is 104 less than in 2022 for the same period.
In early May, a law came into force in Lithuania stating that only Russians with residence permits can buy real estate in the country. However, during the first month of the innovation, this did not significantly change the trend - in May, Russian citizens bought only 7 fewer properties than in April.
Most often, Russian citizens buy apartments in Lithuania (119 out of 297), but also private houses, land plots, and other buildings.
In 2022, Russians bought 401 properties in Lithuania.
Author - Olena Madiak, 05/07/2023
