Real Estate

International Internet Magazine. Baltic States news & analytics Thursday, 05.05.2016, 09:39

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Estonian Kredex provides guarantee for EUR 32.5 mln worth of housing loans in Q1

Estonian Kredex provides guarantee for EUR 32.5 mln worth of housing loans in Q1

03.05.2016

Estonian banks issued in the first quarter 524 housing loans in the amount of 32.5 million euros against surety provided by Kredex, informs LETA/BNS.

Keyword tags: Estonia, Financial Services, Loan, Real Estate



Tallinn apartment prices grew by 1.8% in April y-o-y

Tallinn apartment prices grew by 1.8% in April y-o-y

03.05.2016

The average price per square meter of apartments in Tallinn in April 2016 was 1,588 euros, 1.8% higher than the year before, it appears from statistics of the Estonian Land Board, cites LETA/BNS.

Brave Capital to build commercial block in downtown Tallinn

Brave Capital to build commercial block in downtown Tallinn

03.05.2016

The Estonian investment company Brave Capital will by the year 2020 at the latest build 40,000 square meters of commercial and office space in the Ravala quarter in central Tallinn, informs LETA/BNS.


Latvian Audit Office urges Economics Ministry to consider ending privatization process

Latvian Audit Office urges Economics Ministry to consider ending privatization process

02.05.2016

The State Audit Office in Latvia has called on the Economics Ministry to improve management of the Latvian Privatization Agency (LPA), to assess contribution of the LPA board towards attaining the agency's goals and also suggested that the ministry should consider setting a specific deadline for completion of the privatization process, informs LETA.

Latvian president didn’t promulgate amendments to Immigration Law

Latvian president didn’t promulgate amendments to Immigration Law

01.05.2016

President Raimonds Vejonis on April 29th has decided not to promulgate amendments to the Immigration Law, the President's Chancery told LETA.

29.04.2016

Studio Libeskind to design new commercial complex in Vilnius

Studio Libeskind has won an international competition organized by Lords LB Asset Management to design a new 40-million-euro commercial complex in Konstitucijos Avenue, on the right bank of the Neris River in Vilnius, the investment management company said on April 29th, cites LETA/BNS.

29.04.2016

Government supports Estonia's UN campaign, renovation of Moscow embassy

The Estonian government on April 28th endorsed the budgetary strategy for 2017-2020, according to which in the next few years Estonia's UN Security Council campaign would be supported as well as the reconstruction and restoration of the building complex of the Estonian embassy in Moscow, reports LETA/BNS.

27.04.2016

In March, construction costs in Latvia increased by 0.2%

Data of the Central Statistical Bureau (CSB) show that, compared to February 2016, in March 2016 level of construction costs in Latvia grew by 0.2%. Labour remuneration of workers went up by 0.7%, maintenance and operational costs of machinery and equipment – by 0.3%, while prices of building materials went down by 0.1%.

27.04.2016

Riga the most expensive Baltic city to live in

Riga is the most expensive city in the Baltics to live in, according to a study done by Swedbank Institute of Finances, cites LETA.

27.04.2016

WealthPro Latvia 2016: preliminary program

Bosco Company invites to participate in the b2b Conference & Expo. WealthPro Latvia, Riga 2016 – 7-8th of June 2016, Hotel Radisson BLU.

27.04.2016

Estonian government approves of the funding for major property projects

The Estonian government has approved funding for several real estate projects in 2017-2020, including the construction of two regional rescue buildings, a new building for the school of fine arts and renovation of several kindergartens, informs LETA/BNS.

25.04.2016

Net profit of Estonian banks decreased by EUR 51 mln in Q1

The Estonian banking sector earned 51 million euros in net profit in the first quarter, excluding dividend income, which is one third less than a year earlier, the Bank of Estonia said on Monday, cites LETA/BNS.

25.04.2016

Head of Estonian Lutheran church announces fundraising campaign for Narva church

Archbishop of the Estonian Evangelical Lutheran Church (EELK) Urmas Viilma announced on Monday a fundraising campaign to support the bankrupt St. Alexander's congregation of Narva and salvage its assets, informs LETA/BNS.

22.04.2016

YIT to reconstruct University of Tartu library for EUR 5.5 mln

AS YIT Ehitus, Estonian operation of the listed Finnish construction group YIT, has won a tender for the contract to reconstruct University of Tartu Library with an offer of 5.5 million euros exclusive of VAT, informs LETA/BNS.

22.04.2016

Ülemiste Shopping Centre gets an Award Winner in international competition

On 19 April 2016, the winners of the European Shopping Centre Awards were announced: Ülemiste shopping centre developed and operated by Linstow Center Management, having faced serious competition in the category of refurbishment/ expansion, overtook Maltepe Park shopping centre in Istanbul and became the award winner in said category.

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