Survey data indicates varied levels of interest among residents regarding purchasing overseas real estate. Specifically, the survey found that 18% of respondents in Western Europe expressed intent to buy property, while 8% of those located outside of Europe indicated similar interest. Furthermore, 5% of the Lithuanian population reported considering investing in property within other Baltic countries.
Conversely, a significant portion of Lithuanians—39%—stated they would not purchase property abroad in general. Simon Norbut, Director of the Private Client Financing Department at SEB, commented on the observed trend, noting a marked increase in consideration for Southern Europe among Lithuanians compared to a decade prior. He stated that while the theoretical possibility of purchasing property abroad was once less common, it is now a more frequently considered option.
Norbut attributed this growing interest to several factors, including the improving financial well-being of the local population, the increased viability of remote employment, and enhanced communication links with countries across Southern Europe. However, the expert also raised a caution regarding external investment patterns. He suggested that authorities should monitor the acquisition of real estate within Lithuania by citizens from Russia and Belarus, noting that such activity could potentially mask other underlying intentions.
Overall, the data suggests a growing, though complex, appetite among Lithuanians for international property investment, driven by economic shifts and connectivity within Europe.
Topics: #europe #property #lithuanians
