(2007-05-11) Lithuania property More than half of owners of once nationalised property in Lithuania had their ownership rights restored
In 13 years of independence, the ownership rights to once-nationalised real estate Lithuania has been restored to 57 percent of its former owners.
During the previous year, ownership rights were restored to 249 former owners or their successors, of which 47 had their property returned in-kind.
At the beginning of 2004, there were 2,000 of buildings claimed by their former owners or their heirs.
From 1991 through 2003, 9,600 applications were received for the restoration of the ownership rights to living quarters; 5,700 have been satisfied.
Since 1991, the government has paid 45.3 million litas (13.1 million euros) in compensation to the former owners of houses that will remain the property of the state.
The number of tenant families moved out of houses that were given back to their former owners amounted to 3,800, of which 298 families left in 2003. At the beginning of 2004, the number of families still living in such houses was 4,570.
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(2007-05-11) Buy property in Lithuania Re&Solution intermediated in the selling of premises in the Oldtown of Vilnius, Lithuania
On the 9th of October 2006 Re&Solution has brokeraged in a transaction where commercial property for sale in Lithuania, in the Oldtown of Vilnius, Mesiniu str. was sold. The premises are fully......
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(2007-05-11) Buying properties in Lithuania Privatisation authority spurns again sale of Mazeikiu Elektrine power plant in Lithuania
The national Privatisation Commission on Friday foiled one more try to endorse the sale of Mazeikiu Elektrine, a local power plant. "They asked for more information, so the decision was......
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(2007-05-11) Buying property in Lithuania Presidential advisers resign after reports of suspicious real estate deals surface, Lithuania
VILNIUS - Two advisers to President Valdas Adamkus resigned this week amid allegations for buying properties in Lithuania, in a prestigious Vilnius suburb at prices lower than the market value.......
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(2007-05-11) Lithuanian property for sale Russian and six Moldovan citizens detained for illegal stay in Lithuania
VILNIUS - The Lithuanian police and border guards have detained one Russian and six Moldovan citizens who were staying in a property in Lithuania illegally. \r\nAccording State Border Guard Service......
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(2007-05-11) Lithuania property for sale KOBA welcomes new Head of Property Management in Lithuania
Tomas Rudokas, M.Sc. Business Administration, joined KOBA team from the 1st of February, 2007 as a Head of Property Management in Lithuania.\r\nTomas has great experience in property management as......
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(2007-05-11) Properties for sale Lithuania Opposition warns that tax on commercial property will boost shadow economy in Lithuania
The taxation of the residents\' property Lithuania used for commercial purposes will spur on the growth of shadow economy, the opposition Liberal and Centre Union said.\r\n"The administration......
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(2007-05-11) Property for sale in Lithuania Mazeikiu Nafta applies for permission to buy Mazeikiu Elektrine, Lithuania
Mazeikiu Nafta, a Lithuanian oil refinery, has applied for permission to buy property in Lithuania - the power plant Mazeikiu Elektrine.\r\nThe Competition Council registered the application of......
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(2007-05-11) Cheap Lithuanian property Privatisation in Lithuania
Lithuania is proceeding with privatisation of state Lithuanian property, including large infrastructure items. A total of 3,128 items have been sold for LTL 4,245,000,000 during the second round of......
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(2007-05-11) Cheap Lithuanian properties Seaside Residence Counts the Second Stage, Lithuania
After the successful execution of the first stage of a unique seaside residence project, project developer, AB Vilsota, and project advisor, a finance and real estate consulting company......
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(2007-05-11) Cheap property Lithuania Lithuania: Re&Solution Consulted Verdispar Fund in the Transaction of EUR 49 MIO
Norwegian Verdispar group, representing its investors through the company Verdispar Retail Properties, purchased 43,500 sq. m of real estate from the company Rivona, which is logistics,......
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(2007-05-11) Cheap property in Lithuania Expansion of the cities of Lithuania will be accelerated by new investment projects
Today, exhibition “City 2005” was opened in Vilnius. Representatives of the largest cities of the country – Vilnius, Kaunas, Klaipėda and Šiauliai will introduce their......
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(2007-05-11) Real estate Lithuania Land reform pace slowest in Vilnius region, Lithuania
On March 1, Lithuania numbered 647,000 residents with restored ownership rights to 3.61 million hectares of once-nationalised land for sale in Lithuania. This accounts for slightly more than 88......
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(2007-05-11) Real estate in Lithuania Finance Ministry denies that Lithuania real estate tax is on agenda
The Finance Ministry of Lithuania on Wednesday released a statement that it was not going to propose imposing a Lithuania real estate tax on natural persons, contrary to reports in national media.......
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(2007-05-11) Lithuania real estate Number of Hotels Growing Rapidly in Vilnius, Lithuania
Vilnius has set a record for hotel development. In six recent months this year as many as six new Lithuania apartment hotels opened their doors in town. Presently, Vilnius’ hotels can......
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(2007-05-11) Lithuanian real estate Finance minister says new taxes for real estate and capital expected in Lithuania
A new reform of the Lithuanian real estate taxation system is expected on July 1, 2005. It will bring about higher taxes for capital and tax cuts for workforce, said Finance Minister Algirdas......
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(2007-05-11) Lithuanian property Government curtails individual income tax by 3 pct in Lithuania
The individual income tax in Lithuania will go down by 3 to 30 percent already in 2006; another two years will be needed for this tax to decrease to 24 percent. The government however is to......
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(2007-05-11) Lithuanian properties Lithuania urges investors to hurry up and take advantage of the excellent opportunities
Lithuania’s biggest cities are participating once again in MIPIM and invite investors to take part in developing the knowledge economy, tourism, culture and sports, transport infrastructure......
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(2007-05-11) Lithuania property More than half of owners of once nationalised property in Lithuania had their ownership rights restored
In 13 years of independence, the ownership rights to once-nationalised real estate Lithuania has been restored to 57 percent of its former owners.\r\nDuring the previous year, ownership rights were......
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(2007-05-11) Property Lithuania Lithuanian cities turn into real estate development hot spots
The largest Lithuanian cities once again will be involved in MIPIM and invite investors and developers of off plan property in Lithuania to renew their investment portfolio and become partners in......
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(2007-05-11) Property in Lithuania Lithuania's provincial real estate market stagnates
Real estate traders taking care of Lithuanian properties outside major cities claim that the market has stalled.\r\nFor instance, the number of real estate contracts has dropped by half in Alytus......
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