Lithuania Property Investment For Sale
"A key location makes Lithuania the hub of a thriving import and export market."
The most populous and largest of the Baltic States, Lithuania like Estonia and Latvia emerged from Soviet influence in the 1990s to become one of Europe’s fastest growing economies joining the European Union and World Trade Organisation in 2004.
Helped by foreign investment and business support Lithuania moved quickly to a market economy at break neck speed, that is until the global financial crisis hit it harder than any other EU member. The property bubble burst and high tax rates and an enormous contraction in exports hit the country hard. However, a committed government undertook rapid economic reforms that quickly bought it out of the deep recession, making it one of the fastest growing economies in the EU with a thriving import and export market.
With Lithuania’s main trading partners being Russia, Latvia, Poland and Germany much emphasis has been placed on joining the euro and unemployment is falling. However unlike Estonia and Latvia the Lithuanian property market is not in full recovery yet.