New General Manager at Ober-Haus in Lithuania
On 2 May Audrius Šapoka took over as general manager of Ober-Haus in Lithuania from Remigijus Pleteras.
„I have been part of the Ober-Haus professional team for 14 years, and for the past 5 years I have had the honour and responsibility to head this wonderful team of specialists. Under my management, the turnover of the company has almost doubled and the number of teams has increased by several per cent. We focused on service quality, and consistent and well-thought-out development which helped ensure and maintain the position of leader in the market for many years. We devoted particular attention to team growth and reorganisation of a motivational system which helped contain employee turnover which in turn allowed the company to retain a strong position in the competitive environment,” Mr Pleteras, who headed Ober-Haus in Lithuania since 2014, said. Before that, the company was managed for 15 years by Vytas Zabilius, who was head of the company since its establishment in 1998.
“I am handing over to a strong, ambitious and outstanding leader who has accumulated firm knowledge and extensive experience in the field of real estate and who will make sure that the competitive advantage of the company remains sustainable. As regards myself, the time has come to take on new challenges and expand my knowledge with the Scandinavian real estate development company, Bonava by shaping the operations of the company in Lithuania virtually from scratch,” Mr Pleteras said.
The new general manager started working for Ober-Haus eight years ago. Since 2014, he has headed the company’s Residential Department. “I am delighted to have the opportunity to manage such a team of professionals as this one, and I accept it with a sense of responsibility. Just like before, we will take the road of a professional service provider which handles the most exhaustive information and provides expert insights and the most effective real estate operational solutions. We will strive for sustainable and long-term growth by concentrating our investment flows on human capital and organic development in the segments of valuation, brokerage, in particular, commercial real estate property and services,” Mr Šapoka noted.
Ober-Haus began its operations in Lithuania in 1998. The company has more than 140 real estate experts in its offices in Vilnius, Kaunas, Klaipėda, Šiauliai, Panevėžys, Palanga and Druskininkai. In 2007, Ober-Haus joined the Finnish real estate market leader Realia Group. Ober-Haus, which is celebrating its 20th anniversary in Lithuania, reached a turnover of EUR 3.95 million excl. VAT in 2018.
On 2 May Audrius Šapoka took over as general manager of Ober-Haus in Lithuania from Remigijus Pleteras.
„I have been part of the Ober-Haus professional team for 14 years, and for the past 5 years I have had the honour and responsibility to head this wonderful team of specialists. Under my management, the turnover of the company has almost doubled and the number of teams has increased by several per cent. We focused on service quality, and consistent and well-thought-out development which helped ensure and maintain the position of leader in the market for many years. We devoted particular attention to team growth and reorganisation of a motivational system which helped contain employee turnover which in turn allowed the company to retain a strong position in the competitive environment,” Mr Pleteras, who headed Ober-Haus in Lithuania since 2014, said. Before that, the company was managed for 15 years by Vytas Zabilius, who was head of the company since its establishment in 1998.
“I am handing over to a strong, ambitious and outstanding leader who has accumulated firm knowledge and extensive experience in the field of real estate and who will make sure that the competitive advantage of the company remains sustainable. As regards myself, the time has come to take on new challenges and expand my knowledge with the Scandinavian real estate development company, Bonava by shaping the operations of the company in Lithuania virtually from scratch,” Mr Pleteras said.
The new general manager started working for Ober-Haus eight years ago. Since 2014, he has headed the company’s Residential Department. “I am delighted to have the opportunity to manage such a team of professionals as this one, and I accept it with a sense of responsibility. Just like before, we will take the road of a professional service provider which handles the most exhaustive information and provides expert insights and the most effective real estate operational solutions. We will strive for sustainable and long-term growth by concentrating our investment flows on human capital and organic development in the segments of valuation, brokerage, in particular, commercial real estate property and services,” Mr Šapoka noted.
Ober-Haus began its operations in Lithuania in 1998. The company has more than 140 real estate experts in its offices in Vilnius, Kaunas, Klaipėda, Šiauliai, Panevėžys, Palanga and Druskininkai. In 2007, Ober-Haus joined the Finnish real estate market leader Realia Group. Ober-Haus, which is celebrating its 20th anniversary in Lithuania, reached a turnover of EUR 3.95 million excl. VAT in 2018.
Latest news
All newsOber-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…