Real Estate

International Internet Magazine. Baltic States news & analytics Friday, 20.09.2019, 20:04

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Tallinn city council issues building rights for Olympic standard swimming pool

Tallinn city council issues building rights for Olympic standard swimming pool

20.09.2019

The Tallinn city council at its sitting on Thursday decided that building rights are to be issued for the registered immovables at 14a and 14b Varraku Street in the city's Lasnamae district with the aim of building an Olympic standard swimming pool next to the Tondiraba Ice Hall in cooperation with the private sector.

Keyword tags: Construction, Estonia, Health, Real Estate



Estonia: The dwelling price index continued to increase in the 2nd quarter

Estonia: The dwelling price index continued to increase in the 2nd quarter

20.09.2019

According to Statistics Estonia, in the 2nd quarter of 2019, the dwelling price index changed by 0.9% compared to the 1st quarter and by 5.8% compared to the 2nd quarter of 2018.

First Hilton hotel in Latvia opens in Riga's Old Town

First Hilton hotel in Latvia opens in Riga's Old Town

18.09.2019

Apex Alliance Hotel Management is planning to open another international brand hotel in Riga in one-and-a-half - two years, as Apex Alliance Hotel Management head Gerhard Erasmus told reporters today at the opening of Hilton Garden Inn Riga Old Town, the first Hilton hotel in Riga, infor,ed LETA/BNS.


New Business Park in Latvia

New Business Park in Latvia

18.09.2019

A new Business and Innovation Park Mežgarciems is being developed in Latvia, only 25 km from the capital Riga. The territory includes 11 building plots and eight of them will be auctioned by the Carnikava Municipality in October, Mezgarciems representatives informed BC.

Municipalities' poorly-planned infrastructure development projects impose heavy financial burden on municipal budgets - Audit Office

Municipalities' poorly-planned infrastructure development projects impose heavy financial burden on municipal budgets - Audit Office

18.09.2019

- Many local governments' practice of borrowing funds from the state budget for construction of objects that are too large and unsuitable for the municipalities proves these municipalities' irresponsible attitude to their future expenses, the State Audit Office has concluded.


16.09.2019

BaltCap might be involved in stadium construction in Vilnius

Axis Industries, the potential builder of Lithuania's national stadium in Vilnius, has proposed to the Vilnius authorities to get BaltCap, the largest private equity fund manager in the Baltic states, involved in the funding of the project, reported LETA/BNS.

16.09.2019

Future city development and trends will be discussed in Riga

City of the future - what will it look like? The most influential real estate experts, businessmen and investors from Europe and the USA will discuss it on November 8 in Riga at BREL (Baltic Real Estate Leaders’) forum with main focus on three topics - sustainability, growth and influence.

12.09.2019

The boom of the sharing economy, the smart strategy for retail and partnerships that amaze

Ann Natunewicz is a speaker at BREL forum this year who will have interesting and useful insights for everyone, whether you’re in retail, manage an investment portfolio or real estate projects, which makes hers one of the talks we’re looking forward to most.

11.09.2019

We'll have natl stadium in Kaunas, not Vilnius, PM says

Lithuania's national stadium will be built in the country's second-largest city of Kaunas, not in the capital Vilnius, Prime Minister Saulius Skvernelis believes. In his words, if the government, not the Vilnius authorities, had implemented the project, the stadium would have been built already, writes LETA/BNS.

11.09.2019

Supply of apartments in Riga up 4% in August - Arco Real Estate

In August this year, the supply of apartments in Riga rose 4% from July, while in Riga's largest residential neighborhoods apartment supply was increased 2%, Arco Real Estate said in its latest housing market review, reported LETA/BNS.

10.09.2019

Apartment prices in Riga's residential neighborhoods down 1% in August - association

In August 2019, prices on the secondary apartment market in Riga’s residential neighborhoods dropped 1 percent from July, according to the housing market price indicator drawn up by the Latvian Real Estate Association (LANIDA).

09.09.2019

Estonia: Architectural idea competition for Patarei sea fortress area held in Japan

An architectural vision competition focused on the area of the Patarei sea fortress in Tallinn, Estonia, ended in Japan and altogether 30 designs created with 3D software were submitted to the competition organized by technology company Lumion, reported LETA/BNS.

06.09.2019

40 new stores opened in extension of Alfa shopping mall

There will be 40 new stores opened in the new extension of Alfa shopping mall in Riga, thus, the total number of stores in Alfa will reach 210, said Patrick van Dooyeweert, investment and development director at Multi Corporation, the owner of Alfa, at the ceremony unveiling the new extension.

05.09.2019

Moody's - Baltic states housing market is positive for mortgage collateral, supports covered bond development

Economic conditions in Estonia, Latvia and Lithuania are helping borrowers meet mortgage repayments, a credit positive for the quality of mortgage collateral. Nonperforming loan rates have fallen as banks have strengthened their underwriting abilities and restricted their risk appetite.

04.09.2019

Lithuania's Nauseda plans to move to presidential residence only after renovation

Lithuanian President Gitanas Nauseda plans to move from his private house to the presidential residence in the area of Turniskes only after its renovation, according to the Lietuvos Rytas daily writes LETA/BNS.

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