Real Estate

International Internet Magazine. Baltic States news & analytics Saturday, 06.02.2016, 15:24

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Stronger activity expected in Lithuania’s real estate market in 2016

Stronger activity expected in Lithuania’s real estate market in 2016

03.02.2016

The number of real estate units, which changed owners via purchase transactions in the first month of 2016 in Lithuania, increased by nearly one-fifth in year-on-year terms, which gives grounds to expect stronger activity in Lithuania’s real estate market in 2016, the Center of Registers has said, cites LETA/BNS.

Keyword tags: Legislation, Lithuania, Real Estate



Lords LB Asset Management’s fund to acquire Comfort Hotel LT in Vilnius from Norway’s Selvaag

Lords LB Asset Management’s fund to acquire Comfort Hotel LT in Vilnius from Norway’s Selvaag

02.02.2016

A fund managed by investment management firm Lords LB Asset Management is set to acquire Comfort Hotel LT, a hotel in Vilnius, from Norway’s fund Selvaag Eastern European Development, reports LETA/BNS.

Tallinn apartment prices rise 2% in January y-o-y

Tallinn apartment prices rise 2% in January y-o-y

02.02.2016

The average price per square meter of apartments in Tallinn in January 2016 was 1,563 euros, 2% higher than the year before, it appears from statistics of the Estonian Land Board, informs LETA/BNS.


In December, construction input prices increased by 0.7% in Lithuania

In December, construction input prices increased by 0.7% in Lithuania

28.01.2016

Statistics Lithuania informs that in December 2015, compared to November, construction input prices increased by 0.7%. The overall price change was mainly influenced by a 2.6% increase in wages and salaries. Over the year (December 2015, against December 2014), construction input prices increased by 1.3%.

Construction costs in Latvia in 2015 increased by 0.1%

Construction costs in Latvia in 2015 increased by 0.1%

28.01.2016

Data of the Central Statistical Bureau (CSB) show that, compared to average level of 2014, construction costs in Latvia in 2015 increased by 0.1%. Labour remuneration of workers grew by 6.7%, maintenance and operational costs of machinery and equipment did not change notably, whereas prices of building materials decreased by 1.8%.

26.01.2016

Hilton Tallinn Park hotel to open in summer 2016

Hilton Worldwide is about to open Hilton Tallinn Park hotel in the Estonian capital in the summer 2016 and is accepting reservations for arrival September 1, 2016 and beyond, informs LETA/BNS.

26.01.2016

Large part of refugees for Estonia could be settled in Tallinn

A Ministry of Social Affairs official in Estonia on January 25th gave to understand that a large part of refugees relocated to Estonia could be settled in the capital Tallinn, reports LETA/BNS.

25.01.2016

Estonian Eften Real Estate fund earns EUR 1.5 mln profit by end-2015

Eften Real Estate Fund III, the real estate fund for private investors set up by the investment company Eften Capital in June 2015, earned a net profit of 1.5 million euros by the end of the year according to initial unaudited figures made available by Eften on January 25th, informs LETA/BNS.

25.01.2016

Central bank governor: Lithuania learnt its lesson from real estate crisis

The Lithuanian central bank governor Vitas Vasiliauskas says that the country has learnt its lesson from the real estate crisis and is ready to share its experience with its neighbors, informs LETA/BNS.

25.01.2016

Real estate transactions by foreign residents in Estonia account for less than 5% in 7 years

The ratio that real estate transactions conducted by foreign residents in Estonia make up of the total number of real estate transactions in Estonia has been lower than 5% in the last seven years and has been on a downward trend in the past two years, informs LETA/BNS.

20.01.2016

The construction price index in Estonia increased slightly in 2015

According to Statistics Estonia, in 2015, the construction price index rose 0.5% compared to the average of 2014. Labour costs increased by 2.9%, costs of building machines decreased by 0.8% and costs of building materials decreased by 0.7%.

20.01.2016

Latvia registers EU's steepest reduction in house prices in Q3

Compared to the respective period in 2014, house prices reduced 7.6% in Latvia in the third quarter of 2015, the steepest decrease in the European Union, informs LETA, according to the latest data from the EU's statistical office Eurostat.

19.01.2016

Lithuania's housing market turnover edges down to EUR 1.27 bln in 2015

Lithuania's housing market turnover last year totaled 1.267 billion euros, down 1% from 1.28 billion euros in 2014, non-final figures from the Center of Registers showed on January 19th, informs LETA/BNS.

19.01.2016

Audit Office: Estonia is poorly prepared for receiving refugees

Estonia's ability to welcome people applying for international protection as well as the ones who have received the status of displaced person and to integrate them into the society is insufficient and needs significant improvement, the National Audit Office finds, cites LETA/BNS.

19.01.2016

Home rental prices in Lithuania expected to go down in 2016

Tenants say that home rental costs have risen considerably in the year since the changeover to the euro, but life should be easier for them in 2016 as some analysts forecast that rents may go down, the daily Lietuvos Zinios reported on Tuesday, cites LETA/BNS.

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