Real Estate

International Internet Magazine. Baltic States news & analytics Friday, 06.03.2015, 02:02

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In 2014, investment in tangible fixed assets in Lithuania grew to EUR 5.1 billion

In 2014, investment in tangible fixed assets in Lithuania grew to EUR 5.1 billion

05.03.2015

Statistics Lithuania informs that an annual publication Investment in Tangible Fixed Assets and Construction 2014 has been released. The publication provides the main statistical information on investment in tangible and intangible fixed assets, construction work carried out by cons¬truc¬tion enterprises, building permits issued and residential and non-residential building construction.

Keyword tags: Analytics, Construction, Good for Business, Investments, Lithuania, Real Estate



Lidl orders construction of 3 stores in Kaunas

Lidl orders construction of 3 stores in Kaunas

05.03.2015

Lithuanian construction company Mitnija and Lidl, one of Europe's largest retail companies, have signed an agreement for the construction of three grocery stores in Kaunas, reports LETA/ELTA.

For housing maintenance Latvian households on average spend 138 euros per month

For housing maintenance Latvian households on average spend 138 euros per month

04.03.2015

Results of the survey on income and living conditions carried out by the Central Statistical Bureau (CSB) show that in 2014 housing maintenance expenditure of households (1) has slightly increased, reaching 138 euros per month.


Eesti Pank set restricting requirements for issuing housing loans

Eesti Pank set restricting requirements for issuing housing loans

04.03.2015

Estonia's central bank Eesti Pank announced on Wednesday that three requirements for commercial banks issuing housing loans start to apply from this week; they are a precautionary measure by Eesti Pank to reduce the risks of a lending bubble inflating in the future, reports LETA.

Stockmann and Colliers Latvia sign cooperation agreement for leasing premises in Riga

Stockmann and Colliers Latvia sign cooperation agreement for leasing premises in Riga

04.03.2015

Stockmann’s Real Estate division will start cooperation with commercial real estate consultancy company Colliers International Latvia to analyze possibilities to partly sub-lease premises in Stockmann’s department store building in Riga, reported BC deputy director at Stockmann’s Real Estate Lauri Veijalainen.

04.03.2015

Russians bought by almost a third less real estate in Tallinn in 2014

The volume of real estate transactions conducted in 2014 by Russian citizens in Estonia's capital Tallinn fell by 29% as compared to the previous year, while the volume of transactions conducted by Ukrainians rose six times, LETA/delfi.ee reports.

03.03.2015

Baltic Opportunity Fund acquires the Europa shopping mall in Vilnius

Baltic Property Trust Secura A/S, which is currently in voluntary liquidation has completed the sale of its largest property – Europa shopping mall in Vilnius. The asset has been acquired by the Baltic Opportunity Fund, which is managed by Northern Horizon Capital. The value of the deal is not disclosed.

03.03.2015

Maxima Latvija’s logistics center and seven stores encumbered

A Maxima Latvija logistics center in Kekava Region and seven stores and several land plots of the company have been arrested by the authorities in the Zolitude supermarket criminal case.

03.03.2015

A large part Latvia’s residents want to buy a detached house

Approximately two-thirds (67%) of Latvian residents of an economically active age surveyed would like to buy real estate in the future. According to a survey conducted by the Ektornet real estate company, and the TNS research agency, those who would like to purchase real estate would most often prefer a detached house in an urban (37%) or rural area (31%), reported BC Ektornet communications consultant Aiva Eiduka.

02.03.2015

Four more suspects in Zolitude disaster case

The State Police have given the status of a suspect to four more persons in the Zolitude supermarket disaster case, which means that there are now a total of nine suspects in the case, as the State Police informed LETA.

27.02.2015

Construction cost growth in Latvia in January – 0.3%

Data of the Central Statistical Bureau (CSB) show that compared to December of the previous year, level of construction costs in Latvia in January 2015 increased by 0.3%.

27.02.2015

Construction volumes decreased in Estonia in 2014

According to the preliminary data of Statistics Estonia, in 2014 the total production of Estonian construction enterprises in Estonia and in foreign countries amounted to 2.1 billion euros, which is 3% less than in 2013. If only the Estonian construction market is considered, the construction volumes decreased 2%.

27.02.2015

In January, construction input prices in Lithuania decreased by 0.7%

Statistics Lithuania informs that in January 2015, compared to December 2014, construction input prices decreased by 0.7%. The change was mainly influenced by a 2.3 decrease in wages and salaries, conditioned, in turn, by smaller lump sums, bonuses and premiums.

27.02.2015

Riga Mayor: Caka Street is doomed to degradation

Aleksandra Caka Street is doomed to degradation, Riga Mayor Nils Usakovs (Harmony) said in an interview with the daily "Neatkariga Rita Avize", cites LETA.

26.02.2015

Baltic RE Group wants to make Kalku Street in Vecriga as pedestrian shopping walkway

The real estate company Baltic RE Group, which is planning to make Kalku Street, the central street in Riga's Old Town, a pedestrian shopping walkway, has bought several buildings in Old Town for a total of EUR 28 million, informs LETA.

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