New regulation of property and business valuation: digitised data, more transparency and reliability from 1 May

Today, the Law on Mandatory Property and Businesses Valuation, adopted in 2024, enters into force laying down the requirements for the collection and publication of data of valuation reports, thus ensuring the legality and reliability of these reports.

One of the most important changes is the digitalisation of the mandatory valuation reports. From now on, the reports will be stored in a dedicated Valuation Reports Information System and will be accessible to all interested parties. This will allow easy access to data on property valuations, when required by law, to analyse and to integrate them into decision-making.

The Law will also significantly reduce supervisory functions of the State, with a stronger focus on system efficiency and regulation based on public supervision.

Although the Office of Audit, Accounting, Property Valuation and Insolvency Management will no longer carry out routine inspections of valuation reports, it will continue to deal with complaints, with the exception of complaints concerning the correctness of the value established in the valuation report, in accordance with the procedure laid down in the Law on Public Administration. The Office will also be able, in the public interest, to initiate the examination of valuation reports submitted in the information system concerning possible breaches of law.

The Valuation Reports Information System was developed by the Office of Audit, Accounting, Property Valuation and Insolvency Management under the Ministry of Finance in cooperation with the State Digital Solutions Agency. The establishment of the system was financed by the Recovery and Resilience (RRF) Plan “Next Generation Lithuania”.

These changes mark a significant step towards a more modern, transparent and data-driven property and business valuation system in Lithuania.

Last updated: 05-05-2026

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