Real Estate

International Internet Magazine. Baltic States news & analytics Thursday, 04.06.2020, 08:22

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 Avg price of Tallinn apartments up 9.1% on year in May

Avg price of Tallinn apartments up 9.1% on year in May

01.06.2020

The average price per square meter of Tallinn apartments grew 9.1% on year to 2,126.89 euros in May, informed LETA/BNS.

Keyword tags: Analytics, Estonia, Good for Business, Real Estate



Lithuania's Kauno Tiltai repeatedy participates in tender for renovation of Deglava Bridge in Riga

Lithuania's Kauno Tiltai repeatedy participates in tender for renovation of Deglava Bridge in Riga

01.06.2020

Lithuanian construction company Kauno Tiltai repeatedly participates in the tender for renovation of Deglava Bridge in Riga, LETA learned in the Riga local council.

Norwegian-Estonian program to contribute to heritage conservation areas in Estonia

Norwegian-Estonian program to contribute to heritage conservation areas in Estonia

01.06.2020

A new project with Norway as donor partner will contribute to Estonian heritage conservation areas, informed LETA/BNS.


Estonia: Kredex to start offering new loan for apartment building renovations

Estonia: Kredex to start offering new loan for apartment building renovations

25.05.2020

Apartment associations are able to apply for a renovation loan in the sum of up to three million euros per association from the state credit foundation Kredex from Monday if banks have previously refused them loans or if the conditions offered are unreasonably costly, informed LETA/BNS.

Real estate developer promising to preserve historic Kalasadam fishing port in Estonia

Real estate developer promising to preserve historic Kalasadam fishing port in Estonia

22.05.2020

Listed Estonian realtor Pro Kapital Grupp, which is developing the Kalarand area in North Tallinn, said that the fear of the Kalasadam fishing port becoming a pond is unfounded and the port will be preserved, the daily Postimees writes, cites LETA/BNS.


22.05.2020

Latvia: The first phase of the expanded building of the shopping centre “Origo” has been opened

Linstow Center Management (LCM) has completed first round of construction work on the new “Origo” shopping centre building, which has just opened its doors on the 4th to 6th floors of the modern “Origo One” office centre, which offers functional and transformable Class A offices.

22.05.2020

Tallink Hotels to reopen hotel in Riga from June

Tallink Hotels, a subsidiary of listed Estonian shipper Tallink Group, will reopen the doors of the Tallink Hotel Riga in Riga to customers as of June 1, 2020, informs LETA/BNS.

21.05.2020

Amber Beverage Group to invest up to EUR 30 mln in warehouse in Riga

Amber Beverage Group plans to build a warehouse near the territory of the Riga port, investing up to EUR 30 million in the project, the company's representatives said, cites LETA.

21.05.2020

Lithuanian construction sector to shrink 30% in 2020

Lithuanian construction sector participants forecast that the industry will contract by 30% this year, the daily Kauno Diena reported on May 21st, citing the results of a survey carried out by the Lithuanian Builders' Association (LSA), informs LETA/BNS.

19.05.2020

Architectural Sketch design Competition Announced for Development Vision worth 150 Mln EUR on the Banks of Daugava River

SIA "Krasta City" has announced a public competition to design a vision on the development of the territory on the right bank of the Daugava River, between the Island bridge, Krasta Street and the Daugava (the historical Zvirgzdu island territory). This competition will be the foundation for the development of the whole territory, starting with the first stage, which will ensure the installation of the infrastructure necessary for the project, construction of a 17-story office building, and improvements to the surrounding territory,

15.05.2020

In Q1, there were 2,009 new buildings completed in Lithuania

In I quarter 2020, there were 2,009 new residential and non-residential buildings completed, i.e. by 14.2% more than in the respective quarter of 2019. Over the quarter, 1,856 new residential buildings with 3,462 dwellings were completed, of which 60.2% – in individual houses.

08.05.2020

Construction output grew by 14.9% in Q1 in Latvia

The latest data compiled by the Central Statistical Bureau (CSB) show that, compared to the 1st quarter of 2019, in the 1st quarter of 2020 construction output1 increased by 14.9% (according to calendar adjusted data at constant prices). Construction output rise was observed in construction of buildings (of 16.4%), civil engineering (16%) and specialised construction activities (9.7%).

07.05.2020

Latvia: Building permit received for the start of construction of the 1st phase of “Preses Nams quarter”

The Riga City Construction Board has issued a building permit for the construction of the 1st phase of the new Preses Nams quarter. In the first development phase of the project, a modern Class A office centre is planned to be built, as well as a commercial area with the first rooftop football field in the Baltics and a Holiday Inn hotel, which will be the first InterContinental Hotels Group (IHG) hotel in Latvia.

24.04.2020

Estonian investors file criminal report against Swedbank over Romania investment

Estonian investors who lost money in a bond issue organized for the acquisition of properties in Romania have filed a criminal report with the Office of the Prosecutor General and the Estonian Central Criminal Police against Swedbank citing fraud and abuse of customers' trust, informed LETA/BNS.

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