Real Estate

International Internet Magazine. Baltic States news & analytics Thursday, 24.04.2014, 04:08

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Real estate transactions in Latvia in Q1 show 3.1% growth

Real estate transactions in Latvia in Q1 show 3.1% growth

23.04.2014

During the first quarter of 2014, in comparison with an analogous time period last year, the total number of all real estate transactions in Latvia, has grown 3.1%, the summary of Land Register data analysis, provided by Latio, shows, cites LETA/Nozare.lv.

Keyword tags: Good for Business, Latvia, Real Estate



More promises and plans mentioned Lithuanian Government's report than completed tasks

More promises and plans mentioned Lithuanian Government's report than completed tasks

23.04.2014

On Tuesday Prime Minister of Lithuania Algirdas Butkevicius presented the Government's report of the activities of 2013 to the Parliament. There were still more promises and plans mentioned than completed tasks, informs LETA/ELTA, referring to Lietuvos rytas.

Three persons suspected of causing Riga Castle fire

Three persons suspected of causing Riga Castle fire

23.04.2014

Three persons are suspected of causing the fire at the Riga Castle in June 2013 – the three were responsible for fire safety during renovations, as State Police Criminal Police Administration Chief Andrejs Grisins told reporters yesterday, informs LETA.


Construction price index in Estonia took a downturn in Q1

Construction price index in Estonia took a downturn in Q1

22.04.2014

According to Statistics Estonia, compared to the previous quarter, the construction price index took a downturn in the 1st quarter of 2014 after three years of growth. The percentage change of the construction price index in the 1st quarter of 2014 was –0.1% compared to the 4th quarter of 2013 and 2.3% compared to the 1st quarter of 2013.

SEB: after years of crisis, Estonians choose new homes based on long-term prospects

SEB: after years of crisis, Estonians choose new homes based on long-term prospects

22.04.2014

Held under the leadership of SEB last week, a meeting of real estate buyers and sellers in Estonia confirmed that someone buying a new home today must both carefully consider their family's actual needs and compare real estate offers that meet those needs before making a decision; often, a family will establish their borrowing capacity at the bank before even inspecting property for sale, the press service of the banking group SEB said in a statement.

22.04.2014

Reconstruction of Occupation Museum in Riga to be delayed six months

The Museum of the Occupation of Latvia, a major tourist attraction in Old Town Riga, is facing a delay in its major reconstruction of six months due to "breach of contract and irresponsible conduct on the part of Buvprojektu vadiba Ltd., as the State Real Estate (SRE) company reports, cites LETA.

17.04.2014

Experiment in Zolitude causes Maxima roof construction to break

This afternoon, as a result of an investigation experiment, the remaining roof construction of the Maxima supermarket in Riga-Zolitude, failed to bear the weight of water and collapsed, LETA was informed by Toms Sadovskis, the State Police's press representative.

16.04.2014

Estonia’s Pro Kapital's revenue decreases in 2013

Estonia-based construction company Pro Kapital Grupp approved the audited annual report for the financial year 2013, under which the company's audited and consolidated revenue for financial year 2013 amounted to 12.287 million euro, compared to the 2012 revenue of 16.078 million euro, Pro Kapital Grupp said in a statement, cites LETA.

16.04.2014

In Q1, apartment and housing transactions in Lithuania rocketed to the record levels

The housing sale results of Q1 2014 in Lithuania exceeded the expectations of most market players. According to data from the Centre of Registers, in Q1 2014 the number of transactions involving houses in Lithuania was 27% higher compared to the same period of 2013. The number of apartment transactions in the same period was 48% higher than a year ago, informs LETA/ELTA.

15.04.2014

Kalamaja district in Tallinn becomes one among 20 most hipster neighborhoods in the world

One of the leading global travel search sites Skyscanner listed 20 most hipster neighbourhoods in the world. Among others, Kalamaja, one of the fastest developing neighbourhoods in Tallinn was also selected as one of the best choices, Tallinn Tourism board said in a statement, ciets LETA.

15.04.2014

EUR 59,000,000 set aside by Latvian government for new prison

Latvian Justice Minister Baiba Broka (VL!-TB/LNNK) announced at a press conference today that the ministry estimates that EUR 59,000,000 will be necessary for a new federal prison, informs LETA.

14.04.2014

SEB: 3 out of 5 Lithuanians expect housing prices to rise

In March 2014, 3 out of 5 (59%) Lithuanians said that in their opinion housing prices would increase in the short run. 21% of residents expected that housing prices in the coming 12 months would remain the same, while 9% of those polled thought that housing prices in Lithuania would decline, a survey commissioned by SEB bank revealed, cites LETA/ELTA.

13.04.2014

From 2016, owners of Lithuania's residential buildings to pay for waste collection

From 2016, owners of all residential buildings (apartment blocks, own houses, gardener or other communities, owners of garages) will pay for municipal waste, informs LETA/ELTA.

11.04.2014

City Service considers business continuity in Russia

The Company's management recently began to consider the Company's business continuity and perspective in St. Petersburg and Stavropol, City Service has announced in a statement, cites LETA/ELTA.

10.04.2014

The highest increases in house prices registered in Estonia and Latvia in Q4

In the fourth quarter of 2013 against the fourth quarter of 2012, house prices in Lithuania increased by 3%, while against the third quarter of 2013 they increased by 2.6%, Eurostat, the statistical office of the European Union, said.

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