Lithuania earns 48.4 million euros from state land sales this year

Lithuania generated 48.4 million euros from the sale of state-owned land in the first six months of 2026, significantly exceeding revenue from the same period last year by 21.4 million euros. The National Land Service (NŽT) reported that this year's first-half earnings already represent over 91% of the total 53 million euros earned from state land sales throughout the previous year. Dovydas Petraška, acting director of NŽT, emphasized that the active sale of state land provides tangible benefits to the state and municipalities. He stated that state land should not remain idle, and when it can be developed, it should be done smoothly and transparently. The NŽT manages the sales, contracts, and settlements to ensure state assets are handled responsibly and yield maximum benefit. Revenue streams included approximately 19 million euros from buyers settling installment contracts early, 16.57 million euros from immediate payments on new contracts, and 5.85 million euros from installment payments. An additional 4 million euros came from land auctions, and about 3 million euros from sales of agricultural land. Auctions held in the first half of the year sold nearly 75 hectares of state land for over 4 million euros, with 108 auctions for agricultural land leases also conducted, covering 38.2 hectares. The largest single transaction occurred in Šiauliai, where 3.96 hectares were sold for 515,700 euros. Notably, 80% of funds from agricultural land sales are allocated to the State Defense Fund, totaling approximately 3.04 million euros this year.

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State land should not be an asset that waits years for decisions. If it can be utilized, we must do it smoothly and transparently. The National Land Service makes decisions on the sale of state land, enters into contracts, and administers settlements so that state property is managed responsibly and yields the most benefit.