International Internet Magazine. Baltic States news & analytics
Thursday, 20.06.2013, 12:29
A tender to manage municipal apartments, territories and other premises in Poznan, Poland, was won by ZZN, a part of Lithuania-based property management company City Service group, reported LETA the company City Service.
Keyword tags: EU – Baltic States, Good for Business, Lithuania, Real Estate
Today, the Riga Central District Court revised the security measure previously set for former Riga City Council Housing and Environment Department official Arija Stabina, suspected of bribe taking, and ordered her to be taken into custody, Stabina's attorney Liga Cirule told LETA.
Tallinn Seaplane Harbour was handed over the 2013 grand prix of the European Union Prize for Cultural Heritage / Europa Nostra Awards on Sunday in Athens, LETA/Public Broadcasting reports.
Former Riga City Council Housing and Environment Department official Arija Stabina has gone missing, TV3 broadcast "Neka personiga" (Nothing Personal) reports, cites LETA.
Tuuletraal OÜ, a company from South Estonian Viljandimaa county, is making preparations to build artificial islands between Saaremaa, Kihnu and Ruhnu islands in the Livonian Bay and start a fish farm in these islands, LETA/Postimees Online reports.
Prime Minister Algirdas Butkevicius visited Ignalina city on Friday where practical actions have been taken to renovate housing according to the new Apartment Block Renovation Programme, writes LETA/ELTA.
On mAy 29th, workers began construction at the “Quadrum” business center site at Konstitucijos pr. 21 in Vilnius. The nationally unprecedented multi-functional business site, which has attracted 260 mil. Lt. in investments to Vilnius, will create roughly 4,000 jobs and will feature 700 parking spaces, reported BC Vilnius municipality.
Chief Economist at Swedbank Nerijus Maciulis says that increasing activity of the real estate market does not mean that housing prices will begin to grow, informs LETA/ELTA.
According to Apartment Price Index estimated by Ober-Haus Real Estate Advisors, in May 2013 the prices of apartments have increased in all capitals of the Baltic countries, reports LETA/ELTA.
Lithuania’s Prime Minister Algirdas Butkevicius says that the decision to introduce general real estate tax would be completely unreasonable decision, informs LETA/ELTA.
Activity in the private home segment remained high in May 2013. The market continues to see, every once in a while, a good offer that is in accordance with demand, and in a favorable location for an adequate price, according to the latest Ober-Haus real estate market overview, cites LETA/Nozare.lv.
The leading European service company in building systems, construction services and services YIT has initiated a new property development project by launching the construction of a Prisma shopping center for SOK in Vilnius, the company said in a statement. The project has been realized by YIT's Lithuanian subsidiary YIT Kausta, writes LETA.
On May 29, 2013 Meldru street square improvement project was officially presented in Vecmilgravis in Riga. The project was implemented by the Freeport of Riga Authority and Vecmilgravis Development Association, informed BC the port’s press service.
Foreign citizens are still having active interest in buying real estate in Latvia and one of the contributing factors is the possibility to obtain temporary residence permit (TRP). According to projections by Latvian experts, by the end of the year 2013 the number of deals for the purpose of obtaining TRP in Latvia will exceed 3000, for the amount of about 600 million euro, informed BC PR and marketing manager at Baltic Sotheby’s International Realty Ingrida Smite.
May 2013 was the most active month at the Estonian apartment market since the economic recession as 1,184 ownerships transactions were carried out with flats in 17 larger Estonian cities, LETA/Postimees Online reports.