Real Estate

International Internet Magazine. Baltic States news & analytics Tuesday, 22.08.2017, 10:19

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Lithuania's construction growth above EU average in Q2

Lithuania's construction growth above EU average in Q2

21.08.2017

Lithuania's annual construction output growth in the second quarter of 2017 was among the highest in the European Union, according to estimates released by the EU statistics office Eurostat on August 18th, cites LETA/BNS.

Keyword tags: Analytics, Construction, EU – Baltic States, Real Estate



6,100 Latvian families with children have used government support to buy housing

6,100 Latvian families with children have used government support to buy housing

18.08.2017

Development Finance Institution Altum (Altum) has so far granted over 6,100 loan guarantees under the government support program helping families with children buy their first housing, Altum representatives told LETA.

Many potential tenants struggle to find suitable offices for rent in Riga

Many potential tenants struggle to find suitable offices for rent in Riga

18.08.2017

Demand on the Riga office market slightly exceeds supply, but activity on the rental market is relatively low as many potential tenants are struggling to find premises that would meet their requirements, Ober-Haus real estate company said in its latest office market review, cites LETA.


Nordecon to build EUR 3.4 mln office building in tech park in Kiev

Nordecon to build EUR 3.4 mln office building in tech park in Kiev

15.08.2017

Eurocon Ukraine TOV, a Ukrainian subsidiary of the listed Estonian construction group Nordecon, and Kyiv Standartbud TOV have signed a contract for the construction of a seven-story office building in the Unit City technology park in Kiev for 3.4 million euros, reports LETA/BNS.

Merko to renovate Chinese embassy in Tallinn

Merko to renovate Chinese embassy in Tallinn

15.08.2017

The listed Estonian construction company Merko Ehitus is set to perform the renovation works of the official embassy residence and the construction of staff apartments of the Chinese embassy in Kadriorg for 6 million euros, reports LETA/BNS.


15.08.2017

The number of building permits issued in Lithuania increased by 5.3% in Q2

Statistics Lithuania informs that in II quarter 2017, against II quarter 2016, based on the data from the Building Permits and State Construction Supervision Information System of the Republic of Lithuania (IS) Infostatyba, the number of building permits issued increased by 5.3%, of which for the construction of residential buildings – by 3.4%.

15.08.2017

SEB in Latvia lends EUR 2 mln to Salmo Invest

SEB Banka has granted a EUR 2 million loan to Salmo Invest, a company of the fishing lure group Salmo, for the planned renovation and refurbishing its office building in Riga, the bank’s spokesman Martins Panke told LETA.

15.08.2017

Riga may allocate additional EUR 702,870 for renovation of VEF Culture Center

The Riga City Council city property department lawmakers on August 14th supported allocation of additional EUR 702,870 to renovation of the VEF Culture Center, reports LETA.

14.08.2017

In Q2, the volume of construction works in Lithuania grew to EUR 628.5 mln

Statistics Lithuania informs that in II quarter 2017, the volume of construction works carried out in the country amounted to EUR 628.5 million at current prices and, against the previous period, seasonally and calendar adjusted, grew by 0.5% at constant prices (unadjusted – by 72.6%).

14.08.2017

Number of building permits for new residential buildings in Latvia jump 34.9% in H1

During the first half of 2017 Latvian construction authorities issued 828 permits for construction of new dwelling houses, which was a 34.9% increase against the same period last year, the Central Statistics Bureau (CSB) reported for LETA.

11.08.2017

In Q2, construction output in Latvia rose by 15.9%

The latest data compiled by the Central Statistical Bureau (CSB) show that, compared to the corresponding period of 2016, in the 2nd quarter of 2017 construction output1 increased by 15.9% (according to calendar adjusted data at constant prices). Construction production output at current prices amounted to 384.4 million euros.

11.08.2017

Canadian soldiers fuel demand for apartments in Riga rental market

Compared to the first quarter of the year 2017, demand in the Riga rental apartment market jumped in the second quarter of the year, Ober-Haus real estate company said in its latest market review, cites LETA.

10.08.2017

Nordecon's revenue jumps 40% in H1

Sales revenue of the listed Estonian construction group Nordecon in the first six months of 2017 increased 40% to 103.5 million euros, while the company earned 897,000 euros of net loss, 12% more than at the same time last year, writes LETA/BNS.

10.08.2017

Merko's Q2 revenue rose by 20%

Revenue of the listed Estonian construction group Merko Ehitus totaled 70.7 million euros in the second quarter of 2017, marking an increase of 20% over the second quarter of the previous year, while profit climbed 28% to 2.2 million euros, informs LETA/BNS.

10.08.2017

Swedish construction company Majoni coming to Lithuania

Majoni, a small player of the Swedish construction market of Lithuanian origin, intends to open an office in Vilnius to search for new workers for projects in Sweden, informs LETA/BNS.

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