Office development continues to flourish

  • 2006-09-20
  • From wire reports
TALLINN - A new study by real estate firm Colliers international shows that Latvia and Estonia's office building sectors will continue to grow. Yet on-going labor and material shortages could keep the bubble from bursting. "Poor building quality and an on-going shortage of labor and material are keeping the Estonian housing market from overheating," said Ardi Roosima, who represents the Estonian branch of Colliers International. "In the future, clients are going to insist on a better quality of office blocks," he added.The study predicts that office development is about to enter a ra...
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