After the reestablishment of independence of Lithuania, significant changes took place in a short time. Very important laws on restoration of ownership rights in real property, laws on land and other real property registration, on taxation and other laws and sub-legal acts were passed. Security restrictions on maps, geodesy coordinates and information on land were removed. State enterprise, financed from the state budget and with the help of donors assistance, started to produce small and large scale maps, make the restoration of ownership rights in real property, to implement land reform and perform main works of land cadastre and land register. Private sector produces tourist and special maps, make cadastre surveying of land parcels, evaluate real property.
Private notaries approve agreements and other transactions related to property.
Existing laws, providing for the integration of land and other real property registers, is a basis for the security of restituted ownership rights in creating confidence between private owners, farmers, business men and banks. There are greater possibilities that banks will provide credits under reasonable interest rate and business men will invest more money to the economy of the country and agriculture. The existing institutional structure for the management of land and other real property is not convenient for users and it does not meet the interests of the public and the state in developing land and property market in Lithuania and integrating Lithuanian agriculture and economy into the European Union. At present the possibility for reorganization of existing structures is under discussions and the establishment of Real Property Agency under the Government of Lithuania is being considered. Summary It is very important that politicians, government and ministries officers, bankers, business men and other citizens realize economic importance of real property management and importance of the creation of real property markets in Lithuania for economic development of the country.