OREANDA-NEWS. October 04, 2011. Real estate company Ober-Haus in cooperation with auditing company Deloitte and law firm SORAINEN published the Baltic Real Estate Market Report for the first six months of 2011, reported the press-centre of SORAINEN.

These three international companies have been cooperating for several years to prepare an annual overview of the Baltic real estate market to provide updated information in this field. The report assesses main tendencies and reviews future prospects.

Despite the economic situation, the real estate sector in all three Baltic States has stabilised and even shows slight growth. In Tallinn, local real estate developer Suda Maja plans to start work on one of the largest retail and logistics centre in Estonia – The American Corner Retail and Logistics Park. In the second half of 2011 in Vilnius, plans are to finish the work on the Merchants' Club office building, the only new project started in 2010, after a year and a half break. Likewise, work has been resumed on projects suspended during the crisis: Z-Towers, one of the largest such projects in Riga, is planned to be completed in 2014.

The Baltic Real Estate Market Report covers the capitals of all the three countries, including analysis of development in office premises, commercial areas, industrial zones, industrial parks and land markets. In the report SORAINEN provides an insight on legal aspects of the real estate market, while Deloitte covers tax issues.

To read the Baltic Real Estate Market Mid-Year Report 2011, please click here:
http://www.sorainen.com/UserFiles/File/Publications/mid-year-report.baltic-states-capitals-2011.2011-09-19.eng.ober-haus-sorainen.pdf