Euromoney: Ober-Haus – once again recognised the best real estate advisor and consultant in Lithuania

Euromoney, an international publisher on capital and financial markets, has ranked Ober-Haus as the best real estate advisor and consultant in Lithuania in 2020.

Euromoney has named Ober-Haus the top real estate agency in Lithuania in these four categories: Overall, Property Valuation, Agency-Letting/sales and Research, according to the results of the magazine’s 16th annual Real Estate Survey of industry professionals for 2020.

“We have been in the real estate market for over 20 years now. We are pleased to retain the top ranking for the quality of our services. Staying in the leading positions each year shows the sustainability of our professional maturity and at the same time reflects what is most important – trust of our customers and market players. This achievement is an evaluation of the team’s professionalism and nurturing of a culture of high business standards,” Audrius Šapoka, general manager of Ober-Haus Lithuania, said.

Ober-Haus provides about 13,000 real estate related services per year. In 2019, Ober-Haus in Lithuania concluded nearly 1,300 real estate sales and lease deals. The company also prepared a record number –  11,500 – property valuation reports, valuation expert analyses and provided countless consultations to clients. In 2019, the Ober-Haus the real estate company had a turnover of €4.5 million excl. VAT, which is 13.5 per cent more than in 2018. Last year’s turnover of Ober-Haus was the highest since 2008.

The 16th annual real estate survey conducted by Euromoney was based on the ratings submitted by the real estate market participants: real estate experts, developers, construction companies and representatives of financial institutions. Ober-Haus has been ranked the best in various categories in 2015, 2016, 2017, 2018, 2019 and 2020.

Ober-Haus is operating in Lithuania since 1998 and is the largest real estate services provider in Lithuania and the Baltic region. The company is part of Realia Group – a Finnish real estate group which is the largest real estate group in north Europe. The company’s services package consists of brokerage services in buying, selling or letting commercial and residential property, property and business valuation, consultancy and market research.

Latest news

All news
Ober-Haus Celebrates 25 Years: How Has the Property Market Changed in a Quarter of a Century?
2023-11-07

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
2023-10-24

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
2023-10-02

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…

All news

This website uses cookies. You can confirm your acceptance by clicking the "I Agree" button or by continuing to browse. I agree

Mail sent!

This site is registered on wpml.org as a development site.