International Internet Magazine. Baltic States news & analytics
Friday, 06.03.2015, 02:02
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
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.
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.
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’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.
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.
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.
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.
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.
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.
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%.
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%.
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.
Aleksandra Caka Street is doomed to degradation, Riga Mayor Nils Usakovs (Harmony) said in an interview with the daily "Neatkariga Rita Avize", cites LETA.
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.