2019.05.31 13:00

More financial support for young home buyers in Lithuanian provinces

LRT.lt2019.05.31 13:00

Young families looking to buy first homes in Lithuania's regions will have access to more financial assistance, after the parliament passes a bill allowing municipal governments and private businesses to supplement state aid.

Applicants can expect to receive assistance covering up to 50 percent of the home value.

The point of the programme is to attract more people to Lithuanian provinces and reduce emigration, the government says. However, critics say that the law leaves too many gaps for corruption.

The expanded programme will come into effect in July. At the moment, only the state could offer financial support to home buyers.

Last year, over a hundred families made use of the scheme, while almost two and a half times as many applied between January and March this year.

Read more: More subsidies for young families to buy homes outside Lithuania's big cities