Ober-Haus Recognised: Received Prestigious Euromoney Awards

The leading international business and finance magazine  Euromoney announced Ober-Haus as the best real estate company of 2022 in Lithuania. In the annual Euromoney awards, Ober-Haus took first place in all categories – the best company in Lithuania in terms of Agency-Letting/sales, Property Valuation and Research as well as the best Overall RE company in Lithuania.

“I am delighted that we have managed to retain the top service quality evaluation for many years. We see again that work which relies on a high level of professional expertise, experience and honesty is a firm basis for stable and competitive business. As before, we will continue to focus on the quality of our services, responding to our clients’ needs and building our leadership team,” – Audrius Šapoka, General Manager of Ober-Haus, says.

Last year, the turnover of Ober-Haus in Lithuania increased by more than one-third – to € 5.63 million (excl. VAT). The company provided almost 14,000 real estate services:  it has carried out more than 1,300 brokerage transactions and a record number of valuations throughout the firm’s lifetime – more than 12,400 asset and business valuation reports, valuation expertise and advice to clients.

The 18th Euromoney Awards evaluated real estate companies by surveying Lithuanian real estate market participants (real estate experts, developers, representatives of construction companies and financial institutions, investors, etc.) and assessing the company’s services, assets under management, company growth and other indicators. Ober-Haus has been awarded the highest Euromoney ratings in various categories for the eighth consecutive year and has been voted the best real estate company in Lithuania for the fifth time.

Ober-Haus has operated in Lithuania since 1998 and has been one of the major real estate service providers in Lithuania and the Baltics and is part of the Kiinteistömaailma group the largest Finnish brokerage and real estate consultancy services company. The company provides brokerage services for buying, selling and renting commercial and residential property, real estate and movable property and business valuation, consulting and market research. Ober-Haus has 20 offices in the largest cities in Lithuania, Latvia and Estonia, and employs more than 240 people.

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In 2025 developers built only half as much as buyers purchased
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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…

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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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