In response to growing interest from Baltic customers in evaluating real estate across neighbouring countries, the three leading real estate companies: Inreal (Lithuania), UUS MAA (Estonia), and Latio (Latvia) have signed a cooperation agreement. The goal is to streamline property evaluation and accelerate the purchasing process across these countries.

The Baltic real estate market has undergone significant changes in recent years, driven by the growing demand for high-quality residential and commercial spaces and an increasing focus on regional development. The market is evolving in diverse directions, with particular emphasis on sustainable and innovative projects that align with modern consumer expectations and global trends. There is a rising interest in modern office and industrial spaces that meet the latest technological requirements and work environment standards, as well as in high-quality rental properties, including in regional areas. This trend is fuelled by both international investors seeking to enter the Baltic market and local entrepreneurs who often choose to expand their businesses into neighbouring countries by developing modern residential projects or logistics centres and industrial facilities. As a result, there is a frequent need for property valuations, market analysis as well as property purchase across all three Baltic countries.

The new agreement envisions mutual cooperation in all aspects of real estate asset valuation across the Baltic States' markets, covering the commercial and business property segment, housing, and intangible assets. It also includes collaboration on real estate market research. Under this agreement, joint real estate services will be coordinated for clients in the Baltic countries, with a focus on both service development and marketing. The agencies will also share their extensive expertise and knowledge. This will offer clients the advantage of expedited service delivery through a one-stop-agency approach, as reliable partners can be promptly engaged to provide the requested real estate services in the neighbouring countries.

"The demand for this service emerged in response to customer inquiries. This partnership will expand the opportunities of real estate market participants to receive professional and quality services across all Baltic countries. By combining our expertise, experience, and business connections, we create a strong synergy," says “Inreal” CEO Andrius Anusauskas.

“Since regaining independence, the real estate markets in Latvia, Lithuania, and Estonia have developed at different rates, despite sharing a common overall direction. Differences are evident in the business environment, the construction and availability of new projects, and the expansion of market segments. Interest in regional development is growing, with entrepreneurs increasingly looking beyond Riga for investment opportunities. We view this cooperation with great optimism: it will not only enhance the quality of services for customers but also enable us to share experiences, learn best practices from our neighbours, and eventually establish uniform quality standards across the entire Baltic market,” comments “Latio” CEO Edgars Sins.

"We at Uus Maa have been considering ways to enhance the quality of service for our clients across the Baltics for some time. I am pleased that we have found like-minded partners who share our vision. The current market for valuation and brokerage services across the Baltics features companies operating under a common brand, but with noticeable differences in service quality between countries. Our collaboration, where three strong yet independent companies in the Baltics join forces, distinctly sets us apart. The resulting volume of information exchange and our ability to provide analysis with a pan-Baltic perspective gives us a solid platform to deliver the best possible service to our clients," says "Uus Maa" board member Argo Pillesson.

The companies in all three countries see potential to expand the range of unified services to other markets in the future.