lthough Lithuania may not investors; the average price of
be one of the economic apartments in the city centre has
leading lights in Europe, risen by between 15 and 25
this does not mean that the percent, in just one year. During
property market in this promising 2005, 2,200 new apartments were
country should be overlooked. built in the centre and almost
Lithuania is most certainly on all of them were sold before they
the up and recent figures have were even completed. As a result
done nothing to dampen the of this enormous demand, a
enthusiasm of investors. further 2,600 apartments are
planned for 2006.
Last year, the cumulative foreign
direct investment in Lithuania Part of the reason for this
topped 4 billion Euros, the incredible demand is the high
highest figure yet which shows level of education of the local
that confidence is at an all time workforce. Lithuania has the
high for this small country. highest number of university
graduates per 1000 population of
Investing in property in any country in the Baltic region.
Lithuania is still a reasonably With this level of education
young market, with precious few comes a workforce that is
developments being built and the affluent and demanding in terms
re-sale market being relatively of quality housing. Consumer
slow, making it a perfect time to spending is also increasing at a
get into the market, before the rapid rate in Lithuania, which is
masses discover this hidden gem. also fuelling the property
market.
The capital of Lithuania is
Vilmius and this has been one of As well as the booming city
the first regions to attract market, there are also plenty of
countryside retreats that are likely to ensure that house
starting to attract investors. prices soar and keen investors
Although the markets in these would do well to beat the rush,
regions are not as developed as thus profiting from this likely
those in the city, there are, boom. In 2011, Lithuania will
nevertheless, still plenty of also be hosting the European
bargains to be had. The rural Men’s Basketball Championship
scenery in Lithuania is nothing which is likely to raise the
short of spectacular with more profile of this country further
than 4,000 lakes and enormous still.
forests as far as the eye can
see. Culturally, Lithuania is an
interesting mix of western and
Throughout the country, new eastern cultures, with the
commercial and recreational sites populated cities shifting more
are being built at an impressive towards western cultures and the
rate, resulting in numerous more remote parts of Lithuania
opportunities for property retaining the eastern European
investors. Tourism is not huge in rural charm.
Lithuania, although this is
likely to change in the near Foreigners are able to purchase
future, as Lithuania hosts some property freely in Lithuania,
of the most important European which should ensure that the
events. property market remains buoyant
for years to come. However,
One of the key events likely to investors should be aware, that
raise Lithuania’s profile is the land cannot be purchased in
naming of Vilnius as the European Lithuania, without the prior
Capital of Culture for 2009. This approval of the local
amazing profile raising event is municipality.
Lithuania is likely to become one
There is no denying the potential of the next big property hotspots
for investing in property in in Europe – so get in there
Lithuania. It is a good idea for quick, before the crowds beat you
anyone looking for impressive to it!
capital growth and strong
long-term rental yields.
About the Author:
Providing essential information on buying property abroad, Tem Pearson is dedicated to offering all the necessary information for people looking to buy property in different countries. Visit www.buying-property-abroad.info for all the best info.
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Tem Pearson
Article Source: www.iSnare.com 
