- Vilnius housing market sees substantial changes
Lithuania’s real estate market has beet robust and setting all-time records as new trends shape out, Raimondas Reginis, Research Manager for the Baltics at Ober- Haus, a major real estate company in the Baltics, told The Baltic Times.
- Not competing on price: modern and smart office buildings are more desirable to tenants
The third quarter of 2017 was active in the modern offices market.
- Britain's Albritght International invests in Klaipeda plant
Albright Lietuva, the UK-owned manufacturer of switches and contactors located in the free economic zone (FEZ) of Klaipeda by adding a new production facility built for about 3 million euros next year, is expanding its operations in Lithuania, Verslo Zinios daily reported.
- Porzingis scores 31 points in season's opening match
Latvia‘s big man Kristaps Porzingis has opened his third National Basketball Association season with 31 points and 12 rebounds as his New York Knicks were defeated by the Oklahoma City Thunder 84:105 (24:27, 18:26, 17:26, 25:26).
- Estonian ministry: Tallinn-Helsinki tunnel will become reality anyway
An undersea tunnel between Tallinn and Helsinki will become reality anyway sooner or later, and the findings of the tunnel's cost-benefit study are to be received by the end of December, Kaupo Reede, head of the department for economic development at the Estonian Ministry of Economic Affairs and Communications, said on October 24.
- Lithuanians have their presidential race favorites
Lithuanian residents mainly want to vote for Prime Minister Saulius Skvernelis in the 2019 presidential race, followed by economist Gitanas Nauseda and Kaunas Mayor Visvaldas Matijosaitis, shows the latest poll conducted for BNS Lithuania news agency by RAIT pollster.
- Increasing tension in RE markets of major economic hubs
Swiss bank UBS has reported about the rising risk of a housing bubble in some major cities across the world.
- 2016 upswing in residential market only a little below 2004–2007
The year of 2016 has played out as a very good year for the Lithuanian residential market, with the country’s region seeing a quicker growth phase.
- Lidl and Depo jack up commercial lease sector
In 2016, the development of the commercial premises sector on the whole country’s scale was somewhat enlivened by new market players – the German retail chain Lidl and the Latvian retail chain Depo specialising in construction materials and household goods.
- Zverynas Circle to become the jewel in the crown of financial Vilnius
An assessment of commercial real estate development trends in Vilnius shows that, in recent years, the modern office space market in Vilnius has been getting increasing attention: since 2000, over 100 business centres or buildings of various purposes with modern administrative premises have been built in the city.
- Lithuania: The greatest annual growth in apartment pricesrecorded since 2008
The Ober-Haus Lithuanian apartment price index, which records changes in apartment prices in the five major Lithuanian cities (Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys), increased by 0.4% in November of 2016.
- Foreign investors hold Vilnius and Kaunas office markets buoyant
Assessing the general development trends of commercial property in Lithuania, it can be seen that currently the eyes of commercial property developers are essentially focused on only certain segments and certain cities — Vilnius and Kaunas.
- Buoyant Vilnius and Tallinn real estate market reaches to pre-2008 crisis level
New large service centres of international corporations established in the Lithuanian capital Vilnius and the expansion of already operating well-known companies have given the office market a really strong boost.
- Vilnius and Riga see faster increase in RP prices, Tallinn boasts highest prices and RE market activity
The Ober-Haus Lithuanian apartment price index, which records changes in residential property prices in the five major Lithuanian cities (Vilnius, Kaunas, Klaipeda, Siauliai, and Panevezys), increased by 0.4 per cent in Aug. 2016.
- Real estate prices in Baltic capitals on rise
Real estate prices in all three Baltic capitals, Tallinn, Riga, and Vilnius, have reached pre-recession levels.
- Baltic real estate investment transactions up 11 per cent, Latvia leads the pack
Investor appetite for commercial property in the Baltic States continues to grow rapidly.
- Lithuania announces tender for National Stadium concession holder
Lithuania on Sept. 6 called a tender for a concession holder of the National Stadium estimated at 73 million euros in preliminary value, excluding VAT.
- Latvia: Government’s social partners agree on minimum wage at 380 euros
Social partners have agreed to the government’s plans to increase the minimum monthly wage to 380 euros in 2017.
- Inflation and Baltic property
Riga’s prosperity is impressive. It’s 10 percent annual economic growth, building boom, and the emergence of a middle class all mark a welcome departure from the dark days of the 1990s.
- NEW OFFICE PROJECTS IN TALLINN
Tallinn twin towers, Tartu St., Tornimae 3-5-7 Area: 7500 m2 Price: 200-250 kr/m2 (rent) Completion date: November 2006.