International Internet Magazine. Baltic States news & analytics
Saturday, 19.04.2014, 14:57
This afternoon, as a result of an investigation experiment, the remaining roof construction of the Maxima supermarket in Riga-Zolitude, failed to bear the weight of water and collapsed, LETA was informed by Toms Sadovskis, the State Police's press representative.
Keyword tags: Construction, Latvia, Legislation, Markets and Companies, Real Estate
Estonia-based construction company Pro Kapital Grupp approved the audited annual report for the financial year 2013, under which the company's audited and consolidated revenue for financial year 2013 amounted to 12.287 million euro, compared to the 2012 revenue of 16.078 million euro, Pro Kapital Grupp said in a statement, cites LETA.
The housing sale results of Q1 2014 in Lithuania exceeded the expectations of most market players. According to data from the Centre of Registers, in Q1 2014 the number of transactions involving houses in Lithuania was 27% higher compared to the same period of 2013. The number of apartment transactions in the same period was 48% higher than a year ago, informs LETA/ELTA.
One of the leading global travel search sites Skyscanner listed 20 most hipster neighbourhoods in the world. Among others, Kalamaja, one of the fastest developing neighbourhoods in Tallinn was also selected as one of the best choices, Tallinn Tourism board said in a statement, ciets LETA.
Latvian Justice Minister Baiba Broka (VL!-TB/LNNK) announced at a press conference today that the ministry estimates that EUR 59,000,000 will be necessary for a new federal prison, informs LETA.
In March 2014, 3 out of 5 (59%) Lithuanians said that in their opinion housing prices would increase in the short run. 21% of residents expected that housing prices in the coming 12 months would remain the same, while 9% of those polled thought that housing prices in Lithuania would decline, a survey commissioned by SEB bank revealed, cites LETA/ELTA.
From 2016, owners of all residential buildings (apartment blocks, own houses, gardener or other communities, owners of garages) will pay for municipal waste, informs LETA/ELTA.
The Company's management recently began to consider the Company's business continuity and perspective in St. Petersburg and Stavropol, City Service has announced in a statement, cites LETA/ELTA.
In the fourth quarter of 2013 against the fourth quarter of 2012, house prices in Lithuania increased by 3%, while against the third quarter of 2013 they increased by 2.6%, Eurostat, the statistical office of the European Union, said.
The Ober-Haus Lithuanian apartment price index (OHBI), which records the rates of change in apartment prices in five major Lithuanian cities (Vilnius, Kaunas, Klaipeda, Siauliai and Panevezys), grew by 0.8% in March, reports LETA/ELTA.
For Lithuania, 2013 was a year of sustainable economic recovery. Despite some dampening factors (a slowdown in export growth, increased tension with Russia, and further contraction of the eurozone economy), a strong increase in domestic demand followed by a recovery of the construction sector created favourable conditions business investment in Lithuania, particularly in the real estate sector, writes Colliers International in its Annual Real Estate Market Report.
With 345 contracts signed and scaffolding in place by 82 apartment blocks, renovation programme is moving ahead in spring 2014 in Lithuania, reports LETA/ELTA.
Unlike in many other European countries, long-term rent is not acceptable to Lithuanians, informs LETA/ELTA.
Every year over 100,000 transactions including leasing or sale of real estate are made in Lithuania, their value is estimated in billions. Yet taxes, paid to the state budget, are ridiculously small, writes LETA/ELTA, referring to Respublika.
A Swedbank Baltic research study indicates that after spending their earnings on basic needs – food, rent and transportation fares, nuclear families in Riga have 53% left over to either save or spend on something else. The amount left over totals EUR 660, informs LETA.