Baltic Real Estate Investment Forum 2013
We kindly invite to the annual BALTIC REAL ESTATE INVESTMENT FORUM. It is one day event during which participants will get most concentrated information on various Baltic RE market issues.
Prominent RE experts will share their views, insights during the presentations and six discussion panels: dr.Oliver Voß, RE giants – German IVG Immobilien, controlling assets of the value of approximately 21.4 billion euros, Research Manager, Ralfs Jansons Chairman of Board of Domuss, Inc., a Development Company of NCH Capital, Inc, Viljar Arakas Manager at EfTEN Capital AS, Marko Kull Partner of Capital Mill, Biljana Pehrsson Head of Private Capital Fund Real Estate at East Capital, Dejan Mansfeld-Rupnik ECE Group’s Managing Director, Kristijonas Kaikaris CEO at „Microsoft Lithuania“, Andres Trink Chairman of the Board of Merko Ehitus, Andris Kovalcuks General Manager of Ektornet Management Latvia, Arvydas Avulis Chairman of the Board of UAB Hanner, Vytas Zabilius, Ober-Haus General Director, Per Bomann Larsen Selvaag Eiendom CEO, Aldo Dapon E.L.L. Group Chairman of the Board, Renata Jakubčionienė Director of Akropolis LT, Stephan Kugel Consultant to the Executive Board of Center Management, ECE and others.
Main forum‘s topics:
Possible scenarios of the development of economies. Presentation of the study Demographic trends in the Baltics and their influence to the RE sector which was specially prepared by Swedbank for this forum
The development of the Baltic capitals and possibilities for the investors looking from the perspective of city needs and capabilities of the RE market
Development perspectives of RE segments. Financing models for the projects of RE development. The main challenges of the RE market
Investing in RE in the Baltic region
Recent trends on the European commercial property market
Restoration of real esatate value and office perspectives
Perspectives of residential buildings and shopping centres
Forum will take place on May 16th, Lithuanian Exhibition and Congress Centre „Litexpo“ , Laisves av. 5, Vilnius
Participation fee is 225 euro + VAT.
For 3-4 people from the same company, the fee is 203 euro + VAT per person. For 5 or more people from the same company, the fee is 191 euro + VAT per person.
More about the forum, detailed programme and registration www.vz.lt/realestate
Participate, exchange the experience, establish new useful contacts!
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Ober-Haus Celebrates 25 Years: How Has the Property Market Changed in a Quarter of a Century?
In 1998, the Lithuanian real estate market was characterised by a lack of housing, poor credit conditions and an underdeveloped commercial real estate sector. Over the last 25 years, the number of apartments for sale has increased more than 10-fold, housing market activity has almost quadrupled, lending rates have fallen from double to single digits, and modern office buildings and shopping malls are now numbering in the hundreds – that’s the picture according to the Ober-Haus Real Estate Market Review 1998–2023, conducted to celebrate the company’s 25th anniversary. The Year 2000 Marked the Beginning of the Creation of the Lithuanian Real Estate Market The years 1998–2000 can be considered as the period when the real estate sector in Lithuania began to evolve. Due to the absence of credit services, the Lithuanian population was mostly only able to purchase a home using their own funds, and commercial construction with the intention to sell or lease was in its infancy. And so, 25 years ago, investors were developing single apartment blocks, business/office assets and shopping centres, where any new development for sale or rent was regarded as a significant event in the real estate market. The Russian economic crisis, which began in…
Buyers Show No Interest in Overpriced Housing
The Ober-Haus Apartment Price Index for Lithuania (OHBI), which captures changes in apartment prices in the five largest Lithuanian cities (Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys), remained unchanged in September 2023 (August 2023 figures had shown 0.4% growth). The overall level of apartment prices in Lithuania’s major cities grew by 2.6% over the last 12 months (an annual growth of 4.9% in August 2023). In September 2023, Klaipėda, Šiauliai and Panevėžys recorded 0.2%, 0.3% and 0.4% growth respectively, and the average price per square metre rose to EUR 1,613 (+3 €/m²), EUR 1,103 (+3 €/m²) and EUR 1,078 (+4 €/m²). Meanwhile, in Vilnius and Kaunas, the average price per square metre decreased by 0.1% month-on-month to 2.568 Eur (-3 €/m²) and 1.724 Eur (-2 €/m²) respectively. Over the year (September 2023 as compared to September 2022), apartment prices grew in all major cities of the country: in Vilnius – by 2.6%, in Kaunas – by 3.2%, in Klaipėda – by 1.6%, in Šiauliai – by 3.7%, and in Panevėžys – by 2.5%. The stagnation period in the Lithuanian housing market continues. Although the market activity indicators do not show any signs of improvement, the majority of home sellers have not…
Office sublease: thousands of invisible square metres
In the office segment, the phenomenon of sublease – the transfer of part of a company’s leased premises to a third party – became popular during the pandemic and has remained since. The market of subleased property is usually not included in the official statistics published by real estate agencies. According to OBER-HAUS, current tenants of Class A and Class B+ business centres in Vilnius alone could be offering several thousand or even tens of thousands of square metres of space for sublease. Sublease is usually simply understood as renting space not directly from the owner or manager of a business centre, but from an existing tenant established and operating in the business centre. The principle of sublease itself existed long before the pandemic, but has only become more popular in recent years as businesses switched to remote or hybrid work, consequently, the amount of space required for their operations has decreased. OBER-HAUS estimates that since the beginning of the pandemic, the average office space in Vilnius has decreased by about 30%. In other words, companies entering into new contracts today are renting office space by almost a third smaller than a few years ago. However, office lease contracts are…
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