Real Estate

International Internet Magazine. Baltic States news & analytics Thursday, 25.04.2019, 07:26

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Number of real estate transactions in Estonia on last year's level in Q1

Number of real estate transactions in Estonia on last year's level in Q1

23.04.2019

A total of 11,063 real estate purchase and sale transactions were concluded in Estonia in the first quarter of 2019, which is 0.2 percent more than during the same three-month period a year ago but 11.4% less than in the final quarter of 2018, the Land Board said LETA/BNS.

Keyword tags: Analytics, Estonia, Real Estate



Prices of new apartments in Riga's residential neighborhoods up 2% in March - association

Prices of new apartments in Riga's residential neighborhoods up 2% in March - association

18.04.2019

In March 2019, the average price of new apartments in Riga’s residential neighborhoods climbed 2 percent from February 2019, according to the housing market price indicator drawn up by the Latvian Real Estate Association (LANIDA).

Citycon's rental income in Estonia, Finland down 3.5% in Q1

Citycon's rental income in Estonia, Finland down 3.5% in Q1

17.04.2019

The Finnish operator of shopping centers Citycon, which also owns the Kristiine and Rocca al Mare malls in Estonia, saw its net rental income decrease 3.5 percent to 22.6 million euros in the Estonian and Finnish markets in the first quarter of 2019, reported LETA/BNS.


Apartment prices in Soviet-era standard design houses up 0.6% this year - Arco Real Estate

Apartment prices in Soviet-era standard design houses up 0.6% this year - Arco Real Estate

17.04.2019

In March this year, apartment prices in Soviet-era standard design houses in Riga rose 0.4 % against February and increased 0.6 from the beginning of the year, Arco Real Estate said in its latest report on the situation in the standard-design apartment market, citin LETA.

Pro Kapital to invest over EUR 100 mln in Latvian projects

Pro Kapital to invest over EUR 100 mln in Latvian projects

16.04.2019

Listed real estate developer Pro Kapital Grupp is planning to invest more than 100 million euros in project development in Latvia in the coming years, the company's spokesperson Anete Gribuste said LETA/BNS.


12.04.2019

Turnover of Merks construction company up 90.1% in 2018

Latvia’s Merks construction company in 2018 posted EUR 144.415 mln in turnover, up 90.1% from 2017, but the company’s profit dropped 6.3 times to EUR 2.469 mln, according to Firmas.lv business database.

09.04.2019

Apartment, house sales in Lithuania rise 7% in Q1

A total of 27,700 real estate units changed owners via purchase and sale transactions in Lithuania in the first quarter of 2019, a rise of 6.4% y-o-y, according to preliminary data from the Center of Registers informed LETA/BNS.

02.04.2019

Sirin Development starts building industrial park outside Riga

The Baltic industrial and commercial real estate company Sirin Development has launched the first stage of construction of the Sirin Industrial Park in Stopini municipality just outside Riga, with investments in the project planned at EUR 45 mln, BC was told at the company.

26.03.2019

Sorainen law firm will move to the innovative office premises of Porto Franco

Sorainen law firm and Porto Franco have concluded a lease contract, under which Sorainen will move to the innovative office premises of Porto Franco in autumn 2020 when the centre is due to be completed. Area of Sorainen’s rental space is 1670 square meters. The deal was advised by Colliers Estonia.

25.03.2019

Delta building of University of Tartu reaches full height

The 28.4 million euro Delta center, the new joint study and research institute of the Faculty of Economics, the Institute of Computer Science and the Institute of Mathematics and Statistics of the University of Tartu, has reached its full height, reported LETA/BNS.

25.03.2019

Polish company to create 3D model of Vilnius

A 3D model of Vilnius will be created to facilitate the city's expansion and the implementation of new projects after the Vilnius authorities signed a contract, worth 117,000 euros, with Polish company MGGP Aero to produce such a model

22.03.2019

Dwelling Price Indices increased in Estonia

According to Statistics Estonia, the Dwelling Price Index increased by 5.9% in 2018 compared to the average of 2017. Y-o-y, the prices of apartments increased by 6.4% and the prices of houses by 4.7%.

22.03.2019

Estonian Foreign Ministry seeking to buy new embassy building in Riga

The Ministry of Foreign Affairs wants to sell Estonia's current embassy building in the Latvian capital Riga and purchase a new and more suitable building, according to the public broadcaster ERR reports LETA/BNS.

15.03.2019

Maxima Latvija buys Tineo property management company

Maxima Latvija retailer has acquired Tineo, the property management company that owns the building at 20 Priedaines Street in Riga that used to house a Maxima supermarket and collapsed in 2013, Maxima Latvija spokesman Janis Beseris informed LETA.

14.03.2019

Fire breaks out in territory of NP Jelgava Business Park

On Thursday morning a production plant caught fire at NP Jelgava Business Park, informed LETA.

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