Real Estate

International Internet Magazine. Baltic States news & analytics Friday, 20.10.2017, 13:53

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Wage pressure keeps the construction price index rising in Estonia

Wage pressure keeps the construction price index rising in Estonia

20.10.2017

According to Statistics Estonia, the change of the construction price index in the 3rd quarter of 2017 was 0.9% compared to the previous quarter and 1.7% compared to the 3rd quarter of 2016.

Keyword tags: Analytics, Construction, Estonia, Real Estate, Wages



Capfield: Porto Franco in Tallinn would be good for port area's development

Capfield: Porto Franco in Tallinn would be good for port area's development

20.10.2017

Speaking on the sidelines of the opening of the Nautica shopping center after a comprehensive overhaul on October 19th, Ruben Gornischeff, board member of Nautica's developer Capfield OU, said that completion of the Porto Franco center situated not far from Nautica would be good for the development of the entire area of the Tallinn passenger port, informs LETA/BNS.

Capfield: Estonia's retail business to concentrate in couple of big malls

Capfield: Estonia's retail business to concentrate in couple of big malls

20.10.2017

The Estonian retail market is increasingly specializing and most of the retail activity will concentrate in a couple of big shopping centers in the future, Ruben Gornischeff, board member of the real estate developer Capfield OU, said at the opening of Capfield's Nautica shopping center in Tallinn on October 19th, cites LETA/BNS.


Restored Freedom Monument unveiled in Riga

Restored Freedom Monument unveiled in Riga

20.10.2017

Each individual’s achievements, knowledge and day-to-day work is what makes the foundation of a strong state, President Raimonds Vejonis said as he unveiled the landmark Freedom Monument in the center of Riga yesterday, reports LETA.

Depo remains largest company in construction industry in 2016 in Latvia

Depo remains largest company in construction industry in 2016 in Latvia

18.10.2017

With a turnover of EUR 203.417 million, construction supplies retailer Depo DIY was the leader in Latvia's construction industry in 2016, according to the Latvian Business Report 2017 collated by Firmas.lv and LETA.


17.10.2017

Riga municipal housing management company gets board chairman

Aivars Gontarevs has been appointed the board chairman of Rigas Namu Parvaldnieks municipal housing manager, while Ardis Pavilsons has been appointed a board member, LETA learned from the Riga City Council.

12.10.2017

Kelprojektas responsible for land takeover for Rail Baltica in Lithuania

Kelprojektas, Lithuania's transport infrastructure engineering company, has won a contract of nearly 900,000 euros for Lietuvos Gelezinkeliai (Lithuanian Railways, LG) for expropriation of land in the public interest, i.e., the Rail Baltica railway, informs LETA/BNS.

12.10.2017

Estonian house prices grow faster than in EU

House prices in Estonia grew by 4.8% on year in the second quarter of 2017, which is more than the 3.8% average growth rate for the eurozone, Eurostat said yesterday, cites LETA/BNS.

09.10.2017

Nordecon to build office building in the LvivTech.City innovation park

Eurocon Ukraine TOV, Ukrainian subsidiary of the listed Estonian construction group Nordecon AS, has signed an agreement with Lviv Standartbud Limited Liability Company under which Nordecon will build a six-story office building in the LvivTech.City innovation park in the city of Lviv, informs LETA/BNS.

05.10.2017

EUR 230 mln issued in new housing loans in Latvia in H1

In the first half of 2017, banks in Latvia had issued new housing loans totaling EUR 230 million, Sanda Liepina, the board chairwoman of the Latvian Association of Commercial Banks, said on the public Latvian Radio, cites LETA.

04.10.2017

Young professionals in Latvia to be included in the support program for first-time home buyers

Up to 35 years-old persons with professional or higher education will be included in the government’s support program meant for first-time home buyers, informs LETA, according to draft amendments endorsed today by the Cabinet of Ministers.

03.10.2017

2017 Riga Architecture Award presented to Pullman hotel

Hotel Pullman, located at 24 Jekaba Street in Riga's Old Town, won the 2017 Riga Architecture Award, the Riga City Architect Office informed LETA.

03.10.2017

Merko, RKAS sign contract for building schoolhouse for EUR 5.1 mln

AS Merko Infra, a subsidiary of the listed Estonian construction group AS Merko Ehitus, and the state real estate management company RKAS entered into a contract on Monday for the construction of Viimsi State Gymnasium near Tallinn for 5.1 million euros, informs LETA/BNS.

29.09.2017

Construction input prices in Lithuania decreased by 0.2% in August

Statistics Lithuania informs that in August 2017, compared to July, construction input prices decreased by 0.2%. The greatest influence on the overall price change was made by a 0.9% decrease in wages and salaries. In August, against July, a decrease in average gross hourly earnings was determined by reduced lump sum premiums, bonuses and benefits.

29.09.2017

Capital Mill planning to build 27-story highrise in Tallinn

The Estonian equity real estate investment firm Capital Mill is planning to build a 27-story highrise on a plot on Maakri Street in the area designated for high-rise buildings in the Tallinn city center, informs LETA/BNS.

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