Real Estate

International Internet Magazine. Baltic States news & analytics Saturday, 13.02.2016, 17:11

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In Q4, construction in Latvia decreased by 6.2%

In Q4, construction in Latvia decreased by 6.2%

12.02.2016

The latest data compiled by the Central Statistical Bureau of Latvia (CSB) show that in the 4th quarter 2015 as compared to the corresponding period of 2014 construction production volume according to calendar adjusted data at constant prices decreased by 6.2%. Construction production volume at constant prices accounted for EUR 500.5 mln.

Keyword tags: Analytics, Construction, Latvia, Real Estate



Director Lipinska baffled by Culture Ministry's decision to close Riga Circus

Director Lipinska baffled by Culture Ministry's decision to close Riga Circus

12.02.2016

It is unclear why Riga Circus has been shut down as no specific calculations have been released so far, as Riga Circus Director Lolital Lipinska said in an interview with LNT television, informs LETA.

Arco Vara starts construction of EUR 10 mln apartment building in Tallinn

Arco Vara starts construction of EUR 10 mln apartment building in Tallinn

12.02.2016

Kodulahe OU, subsidiary of the listed Estonian real estate developer Arco Vara, has entered into a construction contract with Ramm Ehitus OU worth more than 10 million euros for the building of the first stage of an apartment building in a residential development project located in Tallinn's Haabersti borough, informs LETA/BNS.


Riga Circus must halt operations

Riga Circus must halt operations

11.02.2016

The building of Riga Circus is not safe to the public and the circus must halt operations immediately, Culture Minister Dace Melbarde (National Alliance) told reporters today., cites LETA.

Mayor: Hilton, Marriott, Accor hotels may be built in Vilnius

Mayor: Hilton, Marriott, Accor hotels may be built in Vilnius

11.02.2016

Four new hotels, which may be operated by international chains Hilton, Marriott and Accor, are planned to be built in the territory of a future modern congress center in the heart of Vilnius, mayor of the Lithuanian capital Remigijos Simasius has said, cites LETA/BNS.

10.02.2016

Ministry's real estate agency sells valuable properties in Jurmala in violation of government's decision

Tiesu Namu Agentura, an agency that runs the Justice Ministry's real estate properties, has sold two properties in Jurmala at half-price or more than EUR 1 million under the normal price, furthermore, the properties were sold although the government had decided that the properties were not for sale, the State Audit Office has concluded, cites LETA.

10.02.2016

Historic ensemble of University of Tartu gets European Heritage Label

The historic ensemble of the University of Tartu has been given the European Heritage Label, the public broadcaster ERR said on February 9th, cites LETA/BNS.

09.02.2016

Minister Melbarde evasive about future of Riga Circus

Latvian Culture Minister Dace Melbarde (National Alliance) in an interview with Latvian Television on Tuesday spoke evasively about possibilities to renovate the historical building of Riga Circus and its future in general, informs LETA/BNS.

08.02.2016

Construction safety watchdog: Riga Circus should be shut down

The Latvian National Construction Control Bureau (BVKB) still believes the Riga Circus building may collapse and should be shut down, said the bureau's director Peteris Drukis in an interview with commercial LNT television on Monday, informs LETA.

03.02.2016

Stronger activity expected in Lithuania’s real estate market in 2016

The number of real estate units, which changed owners via purchase transactions in the first month of 2016 in Lithuania, increased by nearly one-fifth in year-on-year terms, which gives grounds to expect stronger activity in Lithuania’s real estate market in 2016, the Center of Registers has said, cites LETA/BNS.

02.02.2016

Lords LB Asset Management’s fund to acquire Comfort Hotel LT in Vilnius from Norway’s Selvaag

A fund managed by investment management firm Lords LB Asset Management is set to acquire Comfort Hotel LT, a hotel in Vilnius, from Norway’s fund Selvaag Eastern European Development, reports LETA/BNS.

02.02.2016

Tallinn apartment prices rise 2% in January y-o-y

The average price per square meter of apartments in Tallinn in January 2016 was 1,563 euros, 2% higher than the year before, it appears from statistics of the Estonian Land Board, informs LETA/BNS.

28.01.2016

In December, construction input prices increased by 0.7% in Lithuania

Statistics Lithuania informs that in December 2015, compared to November, construction input prices increased by 0.7%. The overall price change was mainly influenced by a 2.6% increase in wages and salaries. Over the year (December 2015, against December 2014), construction input prices increased by 1.3%.

28.01.2016

Construction costs in Latvia in 2015 increased by 0.1%

Data of the Central Statistical Bureau (CSB) show that, compared to average level of 2014, construction costs in Latvia in 2015 increased by 0.1%. Labour remuneration of workers grew by 6.7%, maintenance and operational costs of machinery and equipment did not change notably, whereas prices of building materials decreased by 1.8%.

26.01.2016

Hilton Tallinn Park hotel to open in summer 2016

Hilton Worldwide is about to open Hilton Tallinn Park hotel in the Estonian capital in the summer 2016 and is accepting reservations for arrival September 1, 2016 and beyond, informs LETA/BNS.

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