Ober-Haus: 2025 — achieving double-digit growth and gaining momentum in the recovery of the market

In 2024, Ober-Haus generated a turnover of EUR 5.4 million (excluding VAT) in Lithuania. Although market activity last year was more subdued than anticipated, the company began the year with one of its best ever results. This growth was driven by the recovery of the residential and commercial property markets, which began in early spring and has continued to this day.

“2024 was a year of moderate growth. The real estate market was rather sluggish in the first half of the year, with economic and geopolitical uncertainty leading to cautious behaviour among buyers and real estate professionals. The market only started to pick up speed in early autumn. We ended last year and started this year at that speed — with double-digit growth. For example, after closing in May this year, we saw growth of around 50% in the home sales segment”, says Audrius Šapoka, CEO of Ober-Haus Lithuania.

In 2024, Ober-Haus provided 11,500 services in Lithuania. Last year, the company completed almost 1,000 residential and commercial property sales and 500 lease transactions. It also provided 10,000 property valuation reports and offered valuation expertise and advice to clients.

“In terms of new housing projects, we are planning growth and will begin selling at least twelve new projects, in addition to those already in our portfolio. Each year, we work on around 15–20 different projects, and we have now worked on over 220 real estate projects. We therefore have a wealth of experience and a good understanding of how to not only market, sell and promote projects, but also how to design them. We know which technical, architectural and engineering solutions to implement to ensure projects are profitable and deliver the highest additional return. We also know what not to do to keep already sensitive construction costs under control.

In the commercial real estate sector, we recognise our strengths: our in-depth knowledge of the local market and our close relationships with local businesses. We are growing our market share in the office rental market. This sustained growth is driven by our commitment to business principles and our ability to deliver on our promises — something that clients in the intermediary business often find lacking. I am very happy about that because we are indeed creators of long-term partnerships.

In the valuation segment, order intake is growing in line with the housing market and the attraction of large corporate clients, increasing by around 10% each year. We are confident in the quality of our valuation reports, and our direct clients, as well as all major banks and credit companies that accept our valuations, recognise and value this.

I am confident that this will be a very active year for the real estate market, especially in the residential and mid-market segments. Those who have a strong team and work extremely hard will benefit the most,” says Audrius Šapoka.

Ober-Haus has been operating in Lithuania since 1998 and has offices in Vilnius, Kaunas, Klaipėda, Palanga, Šiauliai, Panevėžys and Druskininkai, where more than 140 real estate experts are based. The company provides services including real estate and movable property valuation, intermediation in buying, selling and renting real estate, asset management and market research.