Vibrant metropolitan city with a rich old town
Discover Vilnius's Real Estate
Vilnius has a population of 580,020 and is the biggest city in Lithuania. The city is becoming a popular tourist destination for an affordable holiday. You’ll find a history rich old town with beautiful cobbled streets and architecture that is well-preserved. Gediminas Castle overlooks the city, which is the main sightseeing spot in Vilnius.
Culture, History, and Business
Vilnius is located in the South East corner of Lithuania and has a big suburban population. The city is bigger than you might think when you consider the population size that spans over 401 square kilometers. Vilnius, and Lithuania in general, has had a difficult history with Russia and Germany occupation periods, which means the locals now take pride in their freedom.
Culturally the city is constantly evolving. Other parts of Lithuania are more rooted in a traditional population that isn’t as open to new cultures as Vilnius. Here you’ll find a big demand for international rentals since it’s a welcoming community.
The economy is growing and the number of start ups and international investment is growing too. Lithuanian based internet companies are some of the best in Europe, which is boosting their technological infrastructure. The increase of high-tech job opportunities means families are finding more reasons to settle down in Vilnius for the long term, which is having a positive effect on housing prices.
Real Estate Appeal
House prices in Vilnius are increasing, but they are not expensive compared to other European cities. Therefore, real estate investors with a limited budget can start out their portfolio in Vilnius. The mixture of demand for family homes and short term rentals means you can choose the type of property that appeals to you.
Tourism is growing in Vilnius so the short term rental market is healthy. However, you need to focus on the Old Town or New Town as they are essentially the only places tourists want to stay in when enjoying Vilnius. It ensures most of the main attractions are within walking distance.
Vilnius has an economy that’s slowly increasing and it’s having a positive effect on house prices. Buy now and the property will be worth more in just a few years. Therefore, it’s a solid investment and the relatively low prices mean even investors on a budget can take the risk.
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