94 articles
Lithuanian business associations have proposed increasing the value added tax (VAT) rate by 1% and introducing a nationwide tax on residential property or real estate. The funds raised by the additional taxes should be used exclusively to finance defence, their joint letter to the Government reads.
In the second quarter of 2024, house prices, as measured by the House Price Index, increased by 1.3% in the euro area and by 2.9% in the EU compared with the same quarter of the previous year. In the first quarter of 2024, house prices fell by 0.3% in the euro area and rose by 1.5% in the EU. These ...
All real estate properties registered in Lithuania are valued at EUR 202 billion, mass valuation data of the Centre of Registers show.
Real estate developer Hanner says the Public Procurement Service’s (VPT) report on the updated national stadium project does not change its plans to finish the decades-long project.
In the fourth quarter of 2023, house prices, as measured by the House Price Index, fell by 1.1% in the euro area and rose by 0.2% in the EU compared with the same quarter of the previous year. In the third quarter of 2023, house prices fell by 2.2% and 1.1% in the euro area and EU, respectively. The...
In May 2024, Curio Collection by Hilton hotel will open its doors at the former historical telegraph building near Vilnius Cathedral Square. Previously, Grand Hotel Kempinski Vilnius operated in the building.
A number of properties managed by Turto Bankas, state-owned enterprise that centrally manages state real property for administrative purposes, will be included in the network of shelters in three months’ time, Interior Minister Agnė Bilotaitė said Thursday.
Colliers Baltic, a real estate services company, has announced it is establishing a project management business in Lithuania. The new company will be led by Germantas Kavaliauskas.
In order to integrate the latest technologies in the management, administration and modernisation of state assets, Turto bankas has signed a cooperation agreement with the PropTech Lithuania. As part of this agreement, start-ups will be given access to data and will be able to propose solutions for ...
Real estate development company UAB Rinktinės NT has caused public outrage and attracted criticism from politicians for cutting down a hundred-year-old oak tree in Vilnius city centre.
Real-estate companies are seeing clear evidence of New Yorkers and Londoners ditching city centers for suburbs as the pandemic changes the way they live and work.
The value of all registered and evaluated real estate in Lithuania exceeds 109 billion euros, and the average real estate value rose around 9.5 percent over a year, according to the country's Center of Registers.
New taxes and payout rates will be introduced in Lithuania on Jan 1. BNS offers an overview of seven key changes:
Despite the challenges of the Baltic market, real estate investments in the Baltic region are expected to reach at least 1 billion euro in 2019 which is a good and stable indicator for the region, but it is certainly not a peak.
One year in the market, and the real estate investment start-up Profitus is already counting its achievements and envisaging future challenges. The crowdfunding platform Profitus raised over €5,315,000 and funded 28 real estate projects, counts company in a press release.
Real estate sales rose 7 percent in the first seven months of this year in Lithuania, with almost 75,000 units having changed hands, according to preliminary data from the country's Center of Registers.
The Lithuanian Center of Registers launched on Tuesday its initiative to provide free access to anonymized data sets by opening up data on real estate.
KS Holding, a real estate company owned by Finland's Kesko and its Lithuanian partners, opened the Ozols shopping center in Riga on Friday.
M.M.M. Projektai, a real estate company owned by Lithuanian businessman Nerijus Numavicius, plans to invest 200 million euros in Riga over the next few years, according to the vz.lt news website.
Lithuanian Government has permitted Kaunas University of Technology (KTU) to sell 5 more unused real estate objects in Kaunas city centre. The buildings, which belong to the State and are being held in trust by the University, will be sold in public auctions. The first of the auctions is planned in ...
