Real Estate

International Internet Magazine. Baltic States news & analytics Sunday, 30.08.2015, 10:54

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The construction volumes have decreased for two years in Estonia

The construction volumes have decreased for two years in Estonia

28.08.2015

According to Statistics Estonia, in the 2nd quarter of 2015 compared to the same quarter of the previous year, the total production of Estonian construction enterprises in Estonia and foreign countries decreased 6%. The construction volumes have decreased for two years in a row.

Keyword tags: Analytics, Construction, Estonia, Real Estate



Latvian Construction Control Office: 89% educational establishments are in excellent or good condition

Latvian Construction Control Office: 89% educational establishments are in excellent or good condition

28.08.2015

The State Construction Control Office in Latvia had inspected 261 educational establishments in Latvia by August 25, which is 40% of all buildings the office has visited so far this summer. The majority of the inspected educational establishments, 89%, are either in excellent or good condition, according to the office.

Construction costs in July reduced by 0.1% in Latvia

Construction costs in July reduced by 0.1% in Latvia

27.08.2015

Data of Central Statistical Bureau (CSB) show that, compared to June, level of construction costs in Latvia in July 2015 dropped by 0.1%. Labour remuneration of workers decreased by 0.5%, which was affected by reduction of remuneration of workers in construction of buildings.


Vejonis: it is still unclear how refugees will be integrated in Latvia

Vejonis: it is still unclear how refugees will be integrated in Latvia

27.08.2015

While Latvia has precise procedures for the assessment of asylum seekers' applications, there is no set procedure for the integration of refugees, President Raimonds Vejonis said in an interview with Latvian State Television this morning, cites LETA.

President: situation in Lithuania's social care homes is very poor

President: situation in Lithuania's social care homes is very poor

27.08.2015

President Dalia Grybauskaite says the accident when an 11-year-old boy fell to his death from a window of Vilijampole social care home has once again highlighted the problems in Lithuania's social care establishments, reports LETA/ELTA.

27.08.2015

75% young persons in Estonia save up for trips abroad or to buy real estate

SEB initiated a survey in the Baltic States on young persons' financial behaviour and lifestyle and found that youth in Estonia are not as diligent in planning their budgets as their Latvian and Lithuanian peers, writes LETA/National Broadcasting.

27.08.2015

Latvian Land Fund buys first three land plots

The Latvian Land Fund (Latvijas zemes fonds) has signed the first three agreements on farmland purchases – land plots in Skrunda, Lielvarde, and Vane counties, as the fund's representative Kristine Grauzina told LETA.

26.08.2015

Volume of housing loans issued in Estonia in July rose to highest level in recent years

The Bank of Estonia reported that the volume of loans and leasing contracts issued to Estonian enterprises and households grew by 259 million euros to 15.9 milliard euros, while financing portfolio grew by 4.1% in the year-on-year comparison, writes LETA/National Broadcasting.

26.08.2015

BaltCap acquires Baltic realty investment management firm

"BaltCap Private Equity Fund II" has pushed through acquisition of the realty investment management firm BPT Real Estate, which operates in all three Baltic States and Poland, informs LETA.

26.08.2015

First-stage of Riga Castle renovation will be completed by November 1

The first-stage of renovation and restoration works at Riga Castle will be completed on time – by November 1, the CEO at the state joint-stock real estate management company Valsts nekustamie ipasumi (VNI) Martins Tols told the LNT television channel today, cites LETA.

26.08.2015

The buyers proposed to acquire in an auction the property of Snoras bank

This week buyers will be again proposed to acquire in an auction the property of the bankrupt Snoras bank: buildings, land plots and artwork – all at lower cost, reports LETA/ELTA, referring to Vakaro zinios.

25.08.2015

Investments in tangible fixed assets grew by 10% in Lithuania in Q2

Statistics Lithuania has reported based on preliminary data that in the second quarter of 2015 investments in tangible fixed assets in Lithuania amounted to EUR 1.4 billion and, compared with the second quarter of 2014, increased by 10%, informs LETA/ELTA.

25.08.2015

Airbnb taking away earnings from hotels in Estonia

Leasing one's flat or house to tourists via the Airbnb system is becoming increasingly popular in Estonia, writes LETA/Delfi.

24.08.2015

Neringa municipality should compensate EUR 1.15 mln for the demolished restaurant in Juodkrante

Vilnius Regional Administrative Court on August 21st ruled that Neringa municipality may compensate by August 2016 EUR 1.15 million in damages to businesspeople whose fish restaurant in Juodkrante was demolished even though they had the necessary building permits, reports LETA/ELTA, referring to Vakaro zinios.

23.08.2015

Lithuania's National Land Service launches internal inquiry

Lithuania's National Land Service (NZT) has launched internal inquiry over possible conflict of public and private interests in its Vilnius City Division, informs LETA/ELTA.

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