International Internet Magazine. Baltic States news & analytics
Wednesday, 24.08.2016, 14:56
As the Euribor rate has been declining in the past months, Estonian banks have been forced to raise interest rates of new housing loans to keep their profits and the average interest rate rose also in July, reports LETA/BNS.
Keyword tags: Banks, Latvia, Loan, Real Estate
Latvian banks issued EUR 217.1 mln in mortgage loans to households in January-June, which is 71% more than in the first half of 2015, BC informs Association of Latvian Commercial Banks` representative.
The Estonian listed construction group Nordecon is to build a mechanized unit infrastructure, a dining facility and a barrack at the Tapa military base for 19 mln euros, reports LETA/BNS.
Crowdestate.eu, the leading Nordic real estate crowdfunding platform, will publish its first Latvian investment opportunity on Friday morning. A 2 - year subordinated loan will be paying 15% annual interest to its investors, reports BC Crowdestate.eu representatives.
President of Latvia Raimonds Vējonis returns to his permanent residence at Riga Castle in the morning on August 22 when the guard of honour will be restored at the Riga Castle and the Standard of the President of Latvia will be hoisted on the Tower of the Holy Spirit in a solemn ceremony.
The state joint-stock company Valsts Nekustamie Ipasumi (State Real Estate, VNI) today unilaterally terminated contract with RBSSKALS Buvvadiba, a company reconstructing the Tabakas Fabrika building in Riga, as VNI representative Arnis Blodons told LETA.
Viciunai Group, a company owned by Visvaldas Matijosaitis, the mayor of Lithuania's second-biggest city of Kaunas, has signed a hotel franchise agreement with Hilton Worldwide, reports LETA/BNS.
Solvita Zvidrina, State Secretary at the Health Ministry, is to be appointed director general of the State Land Service, as LETA learned from the Justice Ministry.
Rising incomes, low interest rates and improving expectations encourage people to take home loans, although Lithuanians still tend to use their own money to buy properties, according the information fro the Delfi news website LETA/BNS reported on Tuesday.
Civinity, a Lithuanian group that provides administration and maintenance services for households and other types of buildings, is strengthening its position in Latvia through the acquisition of Hausmaster, Riga's biggest privately-owned apartment block maintenance company, and HomeMaster, a smaller company, according the Vz.lt news website writes LETA/BNS.
The Estonian government on Thursday gave its support in principle to a bill introduced by the parliamentary Constitutional Committee whose aim is to establish a border zone, informs LETA/BNS.
Rent prices in Lithuania's capital Vilnius have increased by about 5% this summer, as compared with the summer of 2015 – the fact has been admitted by real estate agents, saying that the price increase has not slowed down the market but, quite the opposite, provides better opportunities for owners of popular homes, according to delfi.lt writes LETA/BNS.
Revenue of the listed Estonian construction company AS Merko Ehitus in the first six months of the year fell 9.2% on year to 105.6 mln euros and net profit 24.6% to 1.8 mln euros, informs LETA/BNS.
The State Land Service Director General Elita Baklane-Ansberga has handed in her resignation to Justice Minister Dzintars Rasnacs, reports LETA.
The number of transactions with apartments in Latvia in the second quarter of this year rose by 23.6 % y-o-y, real estate company Ober-Haus said in its latest market review, cites LETA.