Lithuania’s leading real estate firms saw a steady increase in tax contributions during the opening months of 2025, reflecting a resilient performance in the sector despite broader economic headwinds.
According to data from the State Tax Inspectorate (VMI), the top 50 companies engaged in real estate operations transferred €121.9 million in various taxes during the first quarter of 2025. This represents a 5.3% increase compared to the same period in 2024, when the top 50 firms contributed €115.8 million.
The results underscore the continued dominance of a few key players in the market, with Okseta once again leading the group. The company contributed more than €74.33 million, a figure that significantly exceeds its peers. This disparity is attributed to the company’s diversified business model; beyond real estate management, Okseta is active in the wholesale trade of light petroleum products, which leads to higher Value Added Tax (VAT) and excise duty payments.
The growth in tax revenue from these top entities indicates a stable recovery or expansion in operational capacity for the nation’s largest property developers and managers. Such fiscal trends often serve as a proxy for the health of the commercial and residential property markets, suggesting a positive trajectory for the sector’s liquidity and profitability moving into the rest of the year.
