In the annual Baltic Sotheby`s International Realty event results of previous year were summarized

Previous year, 2017, in the premium-class real estate market in the Baltic States showed positive growth.
With this conclusion, the annual event of the Baltic Sotheby`s International Realty representations of the all three Baltic States ended in Riga in the hotel Pullman Old Town Riga on February 9, where in ceremonial atmosphere the results of year 2017 were summarized and the best professionals in their field were awarded.

The event of annual results was attended by 30 Baltic Sotheby`s International Realty team members from Latvia, Estonia and Lithuania. During the official part the results of concluded transactions and achievements the year 2017 in Latvian, Estonian and Lithuanian companies were presented, as well as the best sales and rental consultants of Baltic Sotheby`s International Realty in Latvia, Lithuania and Estonia were awarded.

Looking at the progress and the brightest moments of the last year, also heads of the representations of the three Baltic States shared their thoughts.
Paulius Gebrauskas, co-owner of Baltic Sotheby`s International Realty Lithuanian office commenting the situation in premium-class real estate market in Lithuania said: “For us in Lithuania, the year 2017 gain has been a year of growth. Great results were achieved, and we have attracted new, excellent professionals to our office.”

Tiia Sooaluste, Sales Director of Baltic Sotheby`s International Realty representation in Estonia: “The premium-class market in Estonia last year was developing in a positive direction that was facilitated by strong economic growth. There was an interest in both the purchase and sale of such properties and, thanks to such development of this market segment many tempting property offers were available. We expect moderate growth for this year, both in terms of amount of transactions and price policy.”

Vestards Rozenbergs, Head of Baltic Sotheby’s International Realty Board commenting results of 2017 and trends in Latvia said: “In general, this was a year of stabilization, continuing the market recovery trend of 2016 after recession in 2015. The second half of 2017 we saw increase in demand, especially from local buyers, correction of premium-class prices occurred, and predictability of demand for a certain range of prices was determined. Latvian economics is showing good results, and taking into account European and global economic growth forecasts for 2018 and 2019 the market growth is expected.”

As the most productive sales and rental consultants in 2017 (according to number of transactions concluded) were announced and awards for outstanding work received:

In Latvia:

In Lithuania:

In Estonia:

After official part of the event, the members of Baltic Sotheby`s International Realty team from Latvia, Estonia and Lithuania watched a story about Old Riga, enjoyed a special tea ceremony where various, excellently roasted Asian teas from the private collection were tasted, there was also a cigar master class and exquisite dinner.

About Baltic Sotheby`s International Realty:
Baltic Sotheby`s International Realty is the franchise company in the Baltic States of Sotheby’s International Realty, high-class real estate company, founded by the world-famous auction house in 1976. Baltic Sotheby`s International Realty acquired the opportunity to exclusively represent Sotheby’s brand in the Baltic States in April 2010 and opened its central office in Riga, afterwards in Tallinn and Vilnius. In total, in all three Baltic offices 30 people are employed.