What do I need to know when buying property in Lithuania?
When we asked expats what advice they would give a foreigner before buying a property in Lithuania, they said...
"1. It is important to research the local market and understand the current trends in the area before making a purchase. 2. It is important to understand the legal requirements for purchasing property in Lithuania, including any taxes or fees that may be applicable. 3. It is important to have a clear understanding of the property's title and any restrictions that may be in place. 4. It is important to have a clear understanding of the property's condition and any potential repairs or renovations that may be necessary. 5. It is important to have a clear understanding of the local infrastructure and amenities that may be available in the area. 6. It is important to have a clear understanding of the local rental market and any potential rental income that may be available. 7. It is important to have a clear understanding of the local banking and financing options that may be available for the purchase. 8. It is important to have a clear understanding of the local laws and regulations that may be applicable to the purchase," said another in Lithuania.
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What do I need to know when buying property in Lithuania?
If you live in Lithuania, newcomers to Lithuania would love to hear your answer to this question: