In 2019, Ober-Haus turnover in Lithuania increased by 13.5 per cent
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, when revenue was € 3.95 million. Last year’s turnover of Ober-Haus was the highest since 2008.
‘The year 2019 was indisputably an active year both for the real estate market and our company. The result achieved by Ober-Haus is the highest of the past 12 years. We were growing in a consistent and stable pattern all due to our highly motivated, quality driven team inspired by genuine values’, says Audrius Šapoka, the General Manager of Ober-Haus.
In 2019, Ober-Haus in Lithuania concluded 13,000 transactions, among which nearly 1,000 non-commercial real estate sales and 500 lease deals. The company also prepared a record number – 11,500 – property valuation reports, valuation expert analyses and provided countless consultations to clients.
‘The growth of the past year was in essence shaped by the excellent results in valuation operations and specifically by the realisation of new housing projects. This year, we will also be strengthening our position in the commercial real estate sector, where we see space to expand and maximise experience, our business contacts and existing relationships with national and international companies, said Mr Šapoka.
Ober-Haus has operated in Lithuania since 1998 and has offices in Vilnius, Kaunas, Klaipėda, Palanga, Šiauliai, Panevėžys and Druskininkai, employing a total of more than 150 real estate experts. Among the services provided by the Company are real estate and moveable property valuations, business valuations, acting as intermediaries in buying, selling and leasing real estate, property management and market research.
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In 2025 developers built only half as much as buyers purchased
In 2025, the Lithuanian housing market was characterised by a particularly rapid increase in housing sales volumes in both the secondary and primary markets. According to the Ober-Haus review, a particularly rapid recovery was recorded in the primary market of large cities, where buyers were active in purchasing newly built apartments in completed and newly constructed buildings. Of all the apartments actually built and sold on the primary market, the capital city showed the greatest imbalance in 2025. According to Ober-Haus data, developers in Vilnius built 2,787 apartments for sale in apartment buildings in 2025, which was 8% more than in 2024. Meanwhile, over 5,700 apartments were sold on the primary market in Vilnius during the year, representing an increase of 82%. 'This means that developers actually built half as much as the recorded housing demand. Since the project planning and construction process is lengthy and often takes longer than planned, the rapid recovery of the market has left developers unable to meet demand," says Raimondas Reginis, Ober-Haus's market research manager for the Baltic countries. This situation is unfavourable for both buyers and developers. Buyers have limited choice and face rapidly rising prices, while developers are unable to fully exploit…
Sales of Dubysa Namai apartments in Ariogala have begun
The Dubysos Namai housing project in Ariogala is nearing completion. This five-storey residential building has been developed on a 0.75-hectare plot of land in the picturesque Dubysa Valley. This development will provide much-needed new housing for the town's real estate market, where supply has been extremely limited until now. Sales of the apartments have already begun, and prospective buyers can choose from a range of modern, well-designed homes. First-time homebuyer subsidies are available for young families. The development comprises 89 apartments, each with a storage room and parking space. The development will feature a children's playground, leisure areas, lighting and a gated entrance, creating a safe and comfortable environment for residents. Dubysos Namai offers two to four-room apartments ranging from 55 to 110 m² in size with partial finishing. The first phase of apartments has been completed and is ready for new residents to move in, while the second phase of construction is expected to be finished in Q4 of 2026. Almost all apartments have balconies and the option to install a fireplace, offering panoramic views of the Dubysa Valley. Many buyers are surprised that it is possible to install a fireplace in Dubysos Namai apartments. This is a rare…
The Šiauliai housing market is expected to see a more moderate second half of the year
Although housing prices in Šiauliai rose by 11% in 2025 and remained active at the beginning of this year, the market is expected to stabilise in summer or autumn, according to forecasts by Ober-Haus. According to data from the Centre of Registers, a total of 1,539 apartments and 253 houses were purchased in Šiauliai in 2025, representing increases of 22.9% and 22.4%, respectively, compared to 2024. According to Ober-Haus calculations, the average price of apartments in Šiauliai was €1,273 per square metre at the end of last year, which is 11% higher than a year ago. According to the company's data, the price of typical old apartments in residential areas of Šiauliai currently ranges from €1,200 to €1,800 per square metre, depending on furnishings, location and the condition of the building. Prices for newly built apartments with partial finishing in residential areas range from €2,000 to €2,800 per square metre, whereas in the city centre or the old town, prices per square metre can reach €2,500 to €3,200. Linas Juozaitis, head of the Šiauliai Ober-Haus office, comments that the highest market activity and price growth in the city was observed in the second half of last year, and similar trends…
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