A place in Lithuania where property market laws do not apply: apartments are sold in euros



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However, some of the processes that take place in the real estate market in this city are unique.

The settlement near the Belarusian border in 1950-1992. it was a subsidiary settlement of the Liudas Gira collective farm. After the discovery of high-quality clay deposits in 1972-1975. A brick factory was built in 1941, when the number of people here increased to 4,000. The factory, which also served the Ignalina nuclear power plant, employed thousands of workers from the city and from the surrounding areas of Belarus. It is now home to 1,500 inhabitants.

“The factory had no chance of survival. It produced clay bricks and drainage pipes. It was only a matter of time before it failed. Instead, if something happened, there would be another complete activity. Much of it is now in ruins. People in the city who want to work work throughout the region, ”explains the old Didžiasalis Antanas Pauliukėnas.

After such a collapse, Didžiasalis became famous throughout Lithuania for especially cheap apartments and for the fact that real estate workers working in big cities here evicted antisocial citizens, whose houses were bought cheaply.

The Great Hall remains exclusive in its real estate market.

The old man says that there are apartments in the Great Hall that still cost one euro each. However, these are abandoned objects. They are bought by those who have nowhere to live. Sellers are happy to get rid of the obligation to pay utility bills.

Antanas Pauliukėnas

Antanas Pauliukėnas

© DELFI / Kiril Tchaikovsky

A normal furnished apartment here costs 2-3 thousand. euros

“The real estate bank offered us to take more than 150 apartments this month. Their average value is 500 euros. But that had to be abandoned. Although we could use these apartments as social housing, the younger people who plan to work do not want to move to such a remote settlement. We cannot force it. The municipality has the obligation to offer housing where there is work, “explains Justas Rasikas, mayor of the Ignalina district.

A. Pauliukėnas says that now the antisocial citizens who were brought here died or returned to the big cities. Property to the bank and goes to the home of these citizens, because for its maintenance it is free for years. However, apartments for the euro also have specific buyers.

Belarusians applying for a Schengen visa must demonstrate that they have a place of residence in Lithuania. They buy such a cheap apartment. It is true that they agree to pay several hundred times more: in the auction of the State Tax Inspection, housing can be bought from 200 euros, collect the documents that allow free travel and then donate housing to friends who also need an apartment in Lithuania to open the doors to Europe. According to the old man, the Immigration Service is already interested in these “transitional” homes.

As for the future, the mayor is optimistic: he says that investors are interested in the plant, because the clay is of very high quality and can be recycled. Ignalina District. 17.5% unemployment, average salary 500-600 euros “on hand”. Unemployment is even higher on the Big Island. According to the old man, there are no people who want to work.

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