Real estate in Lithuania (purchase process)

Real estate in Lithuania (purchase process)

Buying property in Lithuania is extremely easy. Need only money and passport, and apartment or house will already you have in property. For foreigners, the ban applies only to the acquisition of land in their own name, but if you open an individual enterprise in Lithuania or get a residence permit in Lithuania, the land is issued in the property! The exit-legal and inexpensive.

It should also be noted that in April 2014, a moratorium on the prohibition of registration of ownership of land by foreigners in the Republic of Lithuania should be lifted.

1. Registration of real estate ownership

For registration of real estate in the property requires your presence, or a notarized power of attorney, but necessarily translated into Lithuanian (Apostille is not needed). Sale and purchase transactions and other actions with real estate in Lithuania are registered by the state notary.

2. Process of registration

Notary in the preparation of the transaction for the purchase and sale of real estate orders three working days certificate of alienation of real estate in Lithuania. Thus, the minimum period of preparation of the purchase and sale transaction is not less than three working days. These certificates are paid and have a limited shelf life-30 calendar days. After ordering these certificates within 30 days you can not order a deal on this property elsewhere. This can be regarded as a guarantee of transparency and legality of real estate transactions in the Republic of Lithuania.

After making an advance, the offer is reserved for the buyer and is no longer offered to third parties. Therefore, the advance is irrevocable (if the transaction breaks the seller, the Deposit is returned). The amount of the advance is negotiable. Usually 10% of the total cost. In other cases-as agreed by the parties, you can immediately make the entire amount.

3. You became the owner

After signing the contract of sale at the notary, he sends the documents to the registration Center (Register). The registration period you can choose, most often it is from urgent registration per day, up to 10 working days. At the end of the term, your property will be registered and you will receive a statement of ownership.  Congratulations! Now you are the owner!

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