Real Estate

International Internet Magazine. Baltic States news & analytics Saturday, 28.02.2015, 21:18

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Construction cost growth in Latvia in January – 0.3%

Construction cost growth in Latvia in January – 0.3%

27.02.2015

Data of the Central Statistical Bureau (CSB) show that compared to December of the previous year, level of construction costs in Latvia in January 2015 increased by 0.3%.

Keyword tags: Analytics, Construction, Latvia, Real Estate



Construction volumes decreased in Estonia in 2014

Construction volumes decreased in Estonia in 2014

27.02.2015

According to the preliminary data of Statistics Estonia, in 2014 the total production of Estonian construction enterprises in Estonia and in foreign countries amounted to 2.1 billion euros, which is 3% less than in 2013. If only the Estonian construction market is considered, the construction volumes decreased 2%.

In January, construction input prices in Lithuania decreased by 0.7%

In January, construction input prices in Lithuania decreased by 0.7%

27.02.2015

Statistics Lithuania informs that in January 2015, compared to December 2014, construction input prices decreased by 0.7%. The change was mainly influenced by a 2.3 decrease in wages and salaries, conditioned, in turn, by smaller lump sums, bonuses and premiums.


Riga Mayor: Caka Street is doomed to degradation

Riga Mayor: Caka Street is doomed to degradation

27.02.2015

Aleksandra Caka Street is doomed to degradation, Riga Mayor Nils Usakovs (Harmony) said in an interview with the daily "Neatkariga Rita Avize", cites LETA.

Baltic RE Group wants to make Kalku Street in Vecriga as pedestrian shopping walkway

Baltic RE Group wants to make Kalku Street in Vecriga as pedestrian shopping walkway

26.02.2015

The real estate company Baltic RE Group, which is planning to make Kalku Street, the central street in Riga's Old Town, a pedestrian shopping walkway, has bought several buildings in Old Town for a total of EUR 28 million, informs LETA.

25.02.2015

EUR 4.9 mln civil suit brought against companies reconstructing Riga Castle

The State of Latvia, in the person of the Finance Ministry, has brought a civil suit against construction companies renovating the Riga Castle, claiming that the companies compensate damages in the amount of EUR 4,857,931.66, informs LETA.

25.02.2015

Health Ministry plans to "shift" construction deadlines for Riga Stradins Hospital

Latvia will not lose funding from the European Union because of a halt in the construction of the new wing at Pauls Stradins Clinical University Hospital, Health Minister Guntis Belevics (Greens/Farmers) said in an interview with the LNT show "900 sekundes" this morning, informs LETA.

24.02.2015

Ober-Haus Lithuania achieved EUR 3.25 mln turnover in 2014

Real estate services company Ober-Haus Lithuania reached a turnover of EUR 3.25 million in2014, a 5.5% increase, reports LETA/ELTA.

19.02.2015

4% increase in Soviet-era apartment transactions in Riga in Q4

In the final quarter of 2014, compared with the previous quarter, there was a 4% increase in Soviet-era apartment transactions, which was the highest quarterly number of such transactions in 2014, reports LETA, according the latest real-estate market report by the Latio real-estate company.

19.02.2015

New board member appointed at Riga Stradins Hospital to supervise construction projects

During an emergency shareholders' meeting yesterday called by Health Ministry State Secretary Solvita Zvidrina, Normunds Stals was appointed member of the board at the Pauls Stradins Clinical University Hospital; the new member will be in charge of construction projects there, reports LETA.

19.02.2015

Non-recourse loans as option for mortgage borrowers approved in Latvia

Latvian Saeima approved amendments to several laws in the final reading today, which stipulate making non-recourse loans an option for mortgage borrowers, informs LETA.

19.02.2015

Expert strongly criticizes Latvia’s support program for young families that want to buy apartment

The state support program in Latvia meant to help young families with children buy their first home or apartment is, in essence, an "irresponsible attempt by politicians to offer financial assistance to people who actually cannot afford an apartment." This is the opinion of real estate company Arco Real Estate CEO Aigars Smits, who spoke at a press conference on February 18th, cites LETA.

18.02.2015

Saeima committee to motion for suspension of Baltijas apdrosinasanas nams insurer's license

Saeima's Parliamentary Inquiry Committee in Latvia intends to motion for the Financial and Capital Market Commission to consider suspending license for the joint-stock insurance company Baltijas apdrosinasanas nams (BAN), the committee decided today, cites LETA.

18.02.2015

Estonian Merko to construct a 6-storey multifunctional building in Riga

On 17 February 2015, a contract was signed by SIA Merks – part of AS Merko Ehitus group – and SIA Vastint Latvia to perform the construction works of a six-storey multifunctional building at 17A Antonijas street, Riga, Latvia, Merko Ehitus informed the Tallinn Stock Exchange.

18.02.2015

Presidential advisor: Green Bridge statues in Vilnius should be removed for restoration

Lithuanian President Dalia Grybauskaite believes that decrepit Soviet statues of Vilnius Green Bridge should be removed and restored as they pose danger to passers by. However, their legal status would determine if they could be returned to the original place, the president's opinion was relayed by Chief Presidential Advisor on the Interior Policy Virginija Budiene, cites LETA/ELTA.

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