More Lithuanians purchase second homes

Increasingly more Lithuanians decide to invest in second homes for vacation or leisure or even to let, according to real estate company Ober-Haus.

“Banks’ funding conditions are attractive, interest rates have reached the lowest point. This leads to a situation when a lot of people now have the opportunity and seek to employ their money by purchasing a second home,” said Ober-Haus old town office manager Marius Čiulada.

According to the registers office, during the seven months of this year, 360 apartments and houses have been sold in Lithuania’s resort towns of Palanga and Neringa on the Baltic Sea coast. This represents a 44% increase compared to the same period in 2015.


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