Real Estate

International Internet Magazine. Baltic States news & analytics Thursday, 28.07.2016, 09:37

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Number of transactions with apartments in Latvia grows 23.6%

Number of transactions with apartments in Latvia grows 23.6%

26.07.2016

The number of transactions with apartments in Latvia in the second quarter of this year rose by 23.6 % y-o-y, real estate company Ober-Haus said in its latest market review, cites LETA.

Keyword tags: Latvia, Real Estate



H1 revenue of Estonian Olympic grows 14% to EUR 92.4 mln

H1 revenue of Estonian Olympic grows 14% to EUR 92.4 mln

26.07.2016

Revenue of the listed Estonian gaming operator Olympic Entertainment Group (OEG) in the first six months of the year increased 14 % to 92.4 mln euros, while the company's net profit fell 17 % to 9.8 mln euros, writes LETA/BNS.

LNK Properties will invest 7 mln euros in construction of a residential complex in Jurmala

LNK Properties will invest 7 mln euros in construction of a residential complex in Jurmala

22.07.2016

At the end of July, the LNK Properties department of real estate development of the LNK Group holding company will begin construction works within the framework of a new business-class residential project on 10, Jasminu Street in Bulduri, Jurmala. LNK Properties will invest a total of 7 mmln euros in the project, LNK told BC.


49% of Latvian residents expect housing prices to climb

49% of Latvian residents expect housing prices to climb

19.07.2016

- Nearly half of Latvians, or 49%, expect property prices to rise in the near future, which is by 7% more than a quarter ago, according to SEB Banka's latest Housing Price Indicator.

Eften acquires Domina shopping center in Riga, Latvia

Eften acquires Domina shopping center in Riga, Latvia

18.07.2016

EfTEN Kinnisvarafond II AS and KanAm Grund Kapitalverwaltungsgesellschaft mbH today announced BC that EfTEN has acquired the Domina Shopping Center from KanAm.


18.07.2016

Estonia: OEG sells Hilton hotel building to East Capital for EUR 48 mln

Jessy Investments B.V., a company of the listed Estonian gaming operator Olympic Entertainment Group (OEG), entered into an agreement to sell to East Capital group company ECB3 Tallinn OU its 100 % holding in its Estonian subsidiary Kesklinna Hotelli OU that owns the hotel and entertainment complex in which the Hilton Tallinn Park hotel and OEG's flagship Olympic Park Casino are located, writes LETA.

05.07.2016

Apartment transactions in Riga jump 13% y-o-y in June – Balsts

The Riga housing market continued to show steady growth in June as the number of apartment transactions jumped 13% against June 2015, said Aigars Zarins, CEO of Balsts real estate company, cites LETA.

04.07.2016

EUR 15 mln invested in renovation of Semarah Hotel Lielupe SPA & Conferences

About EUR 15 mln have been invested in renovation fo Semara Hotel Lielupe SPA & Conferences in Latvia’s seaside resort Jurmala, writes LETA according to the hotel’s representatives reported.

30.06.2016

EfTEN acquired DSV logistic centres in the Baltics

EfTEN Capital’s investment fund EfTEN Real Estate Fund III AS purchased three logistics centres in Estonia, Latvia and Lithuania, owned and occupied by group companies of DSV, one of the largest logistics groups in the world.

30.06.2016

Saeima committee rejects petition calling for restoration of original Victory Square in Riga

The Saeima Mandates, Ethics and Submissions Committee on June 29th rejected a public initiative calling for restoration of the original Victory Square in the Latvian capital Riga, the parliamentary press service informed LETA.

29.06.2016

In May, construction costs in Latvia increased by 0.2%

Data of the Central Statistical Bureau (CSB) show that, compared to April, in May 2016 the level of construction costs in Latvia increased by 0.2%. Labour remuneration of workers went up by 1.2%, maintenance and operational costs of machinery and equipment increased by 0.1%, whereas the prices of building materials went down by 0.2%.

29.06.2016

Russian overseas investments in real estate still falling

New data published by the Central Bank of the Russian Federation show that overseas remittances for real estate purchases are still shrinking. The total volume of transfers was down 30% year-on-year, checking in at just USD 199 million, compared to USD 281 million in Q1 2015. This marks a new low for Russian overseas property investments since records first started in 2009, after just USD 178 million left the country between January and March.

29.06.2016

Marriott wants to have hotels in Lithuania

US-based hotel giant Marriott International would like to see more than one Marriott-branded hotel in Lithuania, with the greatest potential seen in the economy and mid-priced segments, the business daily Verslo Zinios reported on June 29th, writes LETA/BNS.

29.06.2016

Lithuania's property developer Eika eyes stock market

Lithuania's property developer Eika is looking for new investors and is considering setting up a commercial real estate project management company that would possibly float its shares on the stock exchange, Verslo Zinios reported on June 29th, cites LETA/BNS.

29.06.2016

Latvian government approves EUR 2.5 mln extra allocation for first-time home buyer program

The Latvian government on June 28th approved the Economics Ministry proposals for granting additional EUR 2.5 million to the government program intended to help families with children buy their first home and setting a EUR 200,000 ceiling on the value of the property to be purchased under the program, reports LETA.

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