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Friday, 28.04.2017, 03:23
AS Technopolis Ulemiste, developer of the Ulemiste City complex of commercial properties situated between Tallinn's city center and the airport, boosted its net profit 9.2% year over year to 7.1 mln euros and revenue 17% to 12.9 mln euros in 2016, writes LETA/BNS.
Keyword tags: Estonia, Financial Services, Good for Business, Real Estate
Lithuanians spent a total of 378.4 mln euros on home purchases in the first quarter of this year, up 18.9% compared with a year ago, but down by 8.9% q-o-q, according to the non-final figures from the Center of Registers showed on Friday writes LETA/BNS.
Bank of Estonia:Financial stability in Estonia could be threatened by rising prices and increasing transaction activity in the real estate market20.04.2017
Most of the risks to financial stability in Estonia are low in the near future. The ability of companies to service their loans is supported by a recovery in economic growth and slower growth in wages Transaction activity increased in the real estate market and prices started to rise faster, though this has so far been in line with rising incomes. Rapid growth continues in bank loans to companies and households. The debt of the non-financial sector fell as a ratio to GDP as borrowing from abroad was modest, and Eesti Pank is holding the countercyclical buffer rate at 0%. A tax on the financial sector may have a negative side effect on financial stability and the financing of the economy
Renovation of Mezaparks Grand Stage in Riga will meet the set deadline of June 18, 2018, Riga City Council property department director Olegs Burovsb said LETA.
New office buildings and conference center in Skanste to contribute greatly to economic development of Riga19.04.2017
The most modern office buildings in Riga will be built in Skanste neighborhood in the coming years, which will further contribute to the development of the neighborhood as well as the economic development of Riga and the entire country, according to the conclusions of a conference organized by the Riga City Council and Skanste Development Agency today.
The median price of arable land in Estonia increased 8 percent year over year to 2,700 euros per hectare in 2016, according to the figures published by the Land Board writes LETA/BNS.
A legal dispute between the owners of the Skonto Stadium in Riga has taken a new turn as one of the owners, Advantika Group has turned to the police, asking that bailiffs acting on behalf of the other owner, company Light, be held responsible for exceeding their authority in dismantling and removing seats and other equipment from the stadium, reports LETA/BNS.
International housing management group Civinity has acquired Latvia’s Labo Namu Agentura, Civinity reported.
Ulemiste Keskus, a large shopping center situated in the area of Tallinn Airport, has decided to build an extension of 13,000 square meters by spring 2019, which will feature a cinema, gym, as well as a number of new restaurants and stores, and will cost a total of 35 mln euros, according the daily Postimees reports LETA/BNS.
As many as 43% of participants of the Latvian real estate market believe that people’s only homes should be exempt from taxation, shows a survey conducted by the Latvian realtors’ association (LANIDA).
Around 75% of buildings in Latvia inspected by Construction Control Office do not meet construction requirements
Some 75% of buildings inspected by the State Construction Control Office do not meet the applicable construction requirements, as the office's director Maris Demme told Latvian Television this morning.
Development Finance Institution Altum (Altum) has so far granted 5,000 loan guarantees under the government support program helping families with children buy their first housing, Altum spokeswoman Sandra Eglite told LETA.