International Internet Magazine. Baltic States news & analytics
Thursday, 29.09.2016, 02:56
Data of the Central Statistical Bureau (CSB) show that, compared to July, in August 2016 the level of construction costs in Latvia dropped by 0.4 %. Prices of building materials decreased by 0.8%, maintenance and operational costs of machinery and equipment reduced by 0.1%, whereas labour remuneration of workers did not witness any significant changes.
Keyword tags: Analytics, Construction, Latvia, Markets and Companies, Real Estate, Statistics
An administrative building of Lithuania's bankrupt bank Snoras in Tallinn has been sold for 1.377 mln euros to Estonia's real estate investment company EE Estate Berlin Invest, writes LETA/BNS.
Civinity, a Lithuanian group that provides administration and maintenance services for households and other types of buildings, is expanding its operations in Latvia and plans to shortly purchase a Latvian building maintenance company, RBSSKALS Serviss, Verslo Zinios business daily said cites LETA/BNS.
Novira Capital has renovated a 8,000-square-meter commercial property in Central Tallinn that will serve as home to offices and a four-star hotel operated by Unique Hotels, writes LETA/BNS.
The Latvian branch of Nordea Bank has made an agreement to grant EUR 19.9 million loan to further development of Nordic and Baltic Property Group’s Unity business center, the bank’s spokeswoman in the Baltic state Signe Lonerte told LETA.
The authorities of Ukraine will do everything to protect the investments of Estonian businessman Marcel Vichmann in Zatoka village of the Odessa region, where local criminals have been hindering investment, Ukrainian Prime Minister Vladimir Groysman and Odessa regional governor Mihkeil Saakashvili said, reports LETA/BNS.
According to Statistics Estonia, in the 2nd quarter of 2016, the Dwelling Price Index changed by 3.1% compared to the 1st quarter and by 1.8% compared to the 2nd quarter of 2015.
Lithuania's building company Panevezio Statybos Trestas (PST), together with its Latvian partner ARMS Group, has signed a contract worth almost 5 million euros, not including VAT, with the Latvia University of Agriculture for the reconstruction of the Jelgava Palace, reports LETA/BNS.
Housing prices in Lithuania have grown by 3.1% in the second quarter of this year, as compared with January-March. The rise continues for the second consecutive quarter, writes LETA/BNS.
UAB Merko bustas, a company of the listed Estonian construction group AS Merko Ehitus, has entered into a preliminary sales and purchase agreement with UAB Hekon, subsidiary of Orbis S.A., to sell upon completion the Ibis hotel building and parking premises to be built on the land plot owned by UAB Merko bustas in the Lithuanian capital Vilnius, writes LETA/BNS.
A new complex of apartment buildings, an office complex, and a research center will be built in Zakusala, Riga City Architect Gvido Princis told LETA.
- In the second quarter of 2016, soviet-era apartments were the most affordable type of apartment for Riga residents, while for Tallinn residents - apartments in new buildings, according to the latest SEB Housing Affordability Index (HAI).
Vilnius city council together with the Department of Sports under the Government on the 7th of September has launched a tender to find a concessionaire for the Vilnius Multifunctional Hub, informs Vilnius city council`s representative BC.
A total of 1,397 real estate transactions were made in August in Estonian cities and the last time the number of transactions was on the same level was in May 2005, it can be seen from data published by the Estonian Land Board on Wednesday, writes LETA.