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 the best real estate advisor and consultant in Lithuania in 2018. In the annual Euromoney rankings Ober-Haus has earned three awards: the best real estate agency (Overall), the best property valuer (Valuation) and best real estate research and analytics agency (Research) in Lithuania.
The 14th 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 and 2017.
‘Such high annual rankings show that our organisation is not only capable of achieving the highest goals, but also duly upholds the solid quality standard well received by the participants of both Lithuanian and international markets. We have been in the real estate market for 20 years now. This award has become a form of boost and a motivational tool for maintaining the quality of services and seeking further growth. Of course, I extend my sincere appreciation for this achievement to the entire team,’ Remigijus Pleteras, general manager at Ober-Haus, said.
Ober-Haus has operated in Lithuania for 20 years and is the largest real estate services provider in Lithuania and the Baltic region. The company is part of the Realia Group, one of the largest Finnish real estate groups. 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
A more favourable house price to wage ratio for buyers in 2023 and 2024
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), increased by 0.2% in February 2024. The overall level of apartment prices in Lithuania's major cities has grown by 2.2% over the last 12 months (annual growth of 2.1% in January 2024). In February 2024, the sales prices of apartments in Vilnius, Kaunas and Klaipėda grew by 0.3%, 0.3% and 0.1%, respectively, and the average price per square metre amounted to EUR 2,589 (+8 Eur/m²), EUR 1,751 (+6 Eur/m²) and EUR 1,651 (+1 Eur/m²). Meanwhile, Šiauliai recorded a 0.2% decrease in apartment prices in February, with the average price per square metre amounting to EUR 1,095 (-3 Eur/m²). In Panevėžys, the average price per square metre remained unchanged at EUR 1,075 per square metre. Over the year (February 2024 compared to February 2023), apartment prices grew in all major cities of the country: in Vilnius - by 1.8%, in Kaunas - by 3.2%, in Klaipėda - by 3.0%, in Šiauliai - by 1.7%, and in Panevėžys - by 1.8%. "Although the cold snap that has gripped the country's housing market is not going away yet,…
The cumulative effect of several years of housing market activity decline, suggests around 40% lower construction volumes in 2024
Over the past few years in Lithuania, we have seen a rapid decline in housing market activity, which has impacted the volume of new housing developments. However, apartment building developers in the country’s major cities have been facing the toughest challenges lately, with very modest apartment sales figures in the period 2022–2023. According to Ober-Haus, compared to the record activity of 2021, in 2023, the sales of apartments in the primary market were down by 68% in Vilnius, 55% in Kaunas, and 57% in Klaipėda. “Despite the two- to three-fold decrease in the sales of newly-built apartments, a very high number of apartments were nevertheless completed in the country’s major cities in 2023, because the development of these projects had begun during 2021 and 2022,” said Raimondas Reginis, Head of Market Research for the Baltics at Ober-Haus. According to Ober-Haus, in 2023, developers in Vilnius built 4,915 apartments for sale – 18% more than in 2022. When considering the last two decades, this is one of the highest figures, second only to those in 2007, 2008 and 2020, when more than 5,000 apartments were built for sale. In 2023, 52 different apartment projects (including ongoing project phases) were available for…
Building permit for the construction of the housing project Vilniaus Džiazas has been obtained
Unique Properties, a real estate development company, has received a permit and started the construction of the Vilniaus Džiazas project in K. Vanagėlio Street in Vilnius Old Town. K. Vanagėlio str. 11 and 18, which consists of a two-storey apartment building with 62 apartments and 11 commercial premises, a 1200 sqm administrative cultural heritage object of interwar construction and public spaces. The project will feature apartments with 4,5 m high ceilings and 4 m high stained-glass windows, the ground floor will have private patios and access to a garden, while the second and third floors will have balconies and the last floor will have private terraces. According to Gediminas Tursa, CEO of Unique Properties, Vilniaus Džiazas aims to revitalise a part of the Old Town that was undeservedly forgotten during the Soviet era, and to reconnect it with the Rasa. The complex not only includes an open and lively commercial street along the north-south axis, but also new pedestrian and cycling connections to the railway station. "After obtaining the building permit, the company received a lot of interest from interested parties and within a couple of weeks it sold several more apartments - currently Vilniaus Džiazas has signed about 20…
All news