International Internet Magazine. Baltic States news & analytics
Monday, 22.12.2014, 13:59
According to Statistics Estonia, in the 3rd quarter of 2014, the Dwelling Price Index changed by 4.1% compared to the 2nd quarter and by 13.2% compared to the 3rd quarter of 2013.
Keyword tags: Analytics, Estonia, Real Estate
It is highly likely that the government will decide tomorrow to call off Latvia's participation in "World Expo 2015" which is to take place in Milan next year, Economy Minister Dana Reizniece-Ozola (Greens/Farmers) told members of the press after a meeting with the Cabinet ministers today, reports LETA.
After the Corruption Prevention Bureau (CPB) carried out a search at the office of Jurmala City Council construction inspector Ralfs Moritis on December 19th, he has been suspended from his job, LETA was informed by the Jurmala City Council.
Latvian Saeima passed amendments to the Insolvency Law in the final reading today, stipulating that the amendments will come into force on March 1, 2015, reports LETA.
The construction of the Latvian Pavilion for "World Expo 2015" will be entrusted to the Swiss company Adunic AG for EUR 3.1 million, the Swiss company is also building the German and Austrian pavilions for "World Expo", as Economy Minister Dana Reizniece-Ozola (Greens/Farmers) announced at a press conference today, cites LETA.
The City of Vilnius, together with private investors and world renowned architect Daniel Libeskind have revealed the design for Vilnius Beacon at the Liepkalnis Ski Hill, reports BC Rasa Razgaitis from Vilnius City Municipality.
The government decided today to spend EUR 1.6 million to cover additional costs for the national pavilion at "World Expo 20`15" in Milan, according to information acquired by LETA.
In November 2014, the price decrease of the standard-type apartments that began a month earlier with a minimum price decline, continued in the housing estates of Riga. The standard-type apartment prices in November, compared to October, have decreased by 0.2%, and this price decline has been typical for almost all major housing estates or Riga, says Mr. Māris Laukalējs, Member of the Board of Directors of ARCO REAL ESTATE.
As of March 2015, Eesti Pank will be applying three requirements to commercial banks issuing housing loans as a precautionary step to decrease the risk of a credit boom in the future, Estonia's central bank announced, cites LETA.
The Finnish construction company YIT is going to construct a shopping centre Nordika in Vilnius, reports LETA/ELTA.
Estonian construction businessman Rain Kolga began a hunger strike in Helsinki to protest against the harassment of officials, Postimees Online cites Helsingin Sanomat.
The EfTEN Real Estate Fund announced that it expanded its Latvia’s real estate portfolio by acquiring in auction A class office building in Lāčplēša street 20A, reports LETA.
Swedbank housing affordability index (HAI) has slightly increased in Riga in the third quarter due to monthly salaries growing faster than house prices. However, due to the recently-amended insolvency law, the down payment for a mortgage loan has significantly grown, thus, affecting the housing affordability index, reports LETA.
Construction of sports and wellness centre Vilnius Beacon, designed by Daniel Libeskind, should break ground in 2015 at Liepkalnis skiing course, the highest point in Vilnius, reports LETA/ELTA.
Real estate company Colliers International has sold a historic building in Riga which was owned by the bankrupt bank Snoras, reports LETA/ELTA.