Retail development offers retail spaces, which can be cyclical and involve multiple stages. Retail development which comes under the category of commercial real estate development can include new stores, shopping centers, or other retail spaces.
Retail development significantly contributes to the generation of tax revenue for the government. Through sales taxes, property taxes, and other levies, the retail sector becomes a reliable source of revenue for public services such as healthcare, education, and supports the overall infrastructure development market.
Investing in real estate in Lithuania.
Real estate development in Lithuania has been growing in recent years, particularly in the capital, Vilnius, as well as in other major cities like Kaunas and Klaipeda.
The country’s strategic location in Europe, relatively low labor costs, and EU membership have all contributed to attracting both local and foreign investments in real estate.
