Euromoney: Ober-Haus named the best real estate company in Lithuania for the fourth time
Euromoney, the international business and finance publication, has declared Ober-Haus the best real estate (RE) company in Lithuania in 2021.
Ober-Haus was the first in all categories of the annual Euromoney awards: the best in Agency-Letting/sales, the best in Property Valuation and the best in RE Research and Analytics in Lithuania, and, ultimately, the best RE services company overall in Lithuania.
“Our day-to-day work is based on competence, transparency and respect for business relationships and has determined the long-lasting trust of our clients and most market participants. We provide services to business, individuals and the public sector. Hence the evaluation of a wide circle of customers is very important to us. The Euromoney award is a pleasant recognition as well. It will motivate us to further develop new quality standards for complex RE services in the market,” Audrius Šapoka, general manager of Ober-Haus, said.
The Lithuanian team of Ober-Haus has more than 130 employees. The company provides around 12,000 RE services annually. Last year, the company concluded 1,200 transactions on the sale and rent of residential and commercial property, prepared more than 11,000 property evaluation reports, valuation expertise and consultations. Ober-Haus Market Research Department has accumulated unique data and prepared regular overviews which reflect relevant events and issues in the RE market for over 20 years. “Our impartiality and the significance of our data to the market is proven by the fact that we are most often quoted by the media, famous economists, the Bank of Lithuania and other leading commercial banks,” Šapoka noted. In 2020, Ober-Haus had a turnover of EUR 4.25 million, excl. VAT.
This was the 17th Euromoney awards. RE companies are assessed by means of a survey of Lithuanian RE market participants (RE experts, developers, representatives of construction companies and finance institutions), evaluation of their services, their managed property, the growth of the company and other indicators. Euromoney has given Ober-Haus top evaluations for the seventh year in a row; this is the fourth time Ober-Haus been chosen as best RE company in Lithuania.
Ober-Haus has operated in Lithuania since 1998 and is the biggest real estate service provider in Lithuania and the Baltic region. It belongs to one of the major Finnish brokerage and RE consulting services company, Kiinteistömaailma. The company provides brokerage services for buying, selling or renting commercial and residential property, as well as business evaluation, consulting and market research services in terms of immovable and movable property. Ober-Haus has 19 representative offices in the main cities of Lithuania, Latvia and Estonia with 220 employees in total.
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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
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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…
