LIVEN KODU 16 OÜ
Tegevuslugu
Ettevōtte juhtkond, meeskond ja kontaktid
LIVEN KODU 16 OÜ hetkeolukord
Already 475 people have seen this company's branding and they are being followed by 1 Storybook users.In average the company has been rated 4.1 points ja kommenteeritud 21 korda.
's activity report 2022
Liven Home 16 LLC
Liven Home 16 LLC is a 100% subsidiary of Liven AS, whose main activity is real estate development. The company was established in 2019 when properties were also acquired for the implementation of the Self-Project in Harju County, Harkujärve village. As part of the development, 38 terraced houses and 13 apartment buildings with a total of nearly 390 homes will be completed in stages.
The construction of the first phase of terraced houses began in January 2022 and the first of these were completed and handed over to home buyers in March 2023 and will continue in the second quarter of 2023. In the following years, we will continue with the construction of the next stages. In the spring and end of 2023, we plan to start the construction of ten terraced houses and three apartment buildings in the second stage.
Real estate development companies can contribute directly to reducing significant environmental impacts associated with their business activities, primarily through the development of energy-efficient and environmentally friendly buildings. Liven Home 16 LLC develops A-energy class buildings.
Main ratios 2022 2021
Coverage ratio of short-term liabilities current assets / short-term liabilities 4.4 3.9
Quick ratio (current assets - inventories) / short-term liabilities 0.07 0.21
Proportion of interest-bearing liabilities loan liabilities / liabilities and equity in total 82% 89%
As of 31.12.2022, the company's board consisted of 3 members, who were not paid (31.12.2021: 3). The company has no employees and therefore there were no wage costs in both 2022 and 2021. A project management contract has been concluded with Liven AS for managing the development project.
The company's equity was negative as of both 31.12.2022 and 31.12.2021. Negative equity results from the business logic of development projects, where sales revenues and profits are generated only after the completion of construction when apartment ownerships are handed over to customers. The board has assessed that the company operates sustainably and the company's equity is only temporarily negative. The completion of the first stages of terraced houses along with the transfer of ownerships is planned for 2023 and with this, the company's equity will become positive.
Factors that most affected the Tallinn new development market in 2022 During 2022, several important developments took place in the Estonian real estate market and the environment was challenging. At the beginning of the year, the rapid growth in construction prices that began in 2021 continued, exacerbated by high energy prices and
The war in Ukraine. The supply chains of raw materials used in the construction sector, such as various metals and wood, were previously strongly linked to the markets of Russia, Belarus and Ukraine, and the outbreak of war caused a sharp rise in the prices of these materials. According to Statistics Estonia, the construction price index increased by 17.8% in 2022 (2021: 8.1%).
Adjustment of sales prices due to the rise in input prices and a very low number of offers on the market gave additional momentum to the rapid rise in sales prices that began in 2021, and real estate sales prices reached their peak by the end of the first half of 2022. However, transactions were made at a slowing pace.
In addition to the rise in input prices, the war in Ukraine that began at the end of February increased consumer uncertainty. From March, the Euribor rate, which had been negative for a long time, also began to rise. In June, the 6-month Euribor rate reached positive values and by the end of the year it was already close to 3%. A combination of rapidly rising real estate sales prices, rising interest costs and high energy prices in the summer months led to a historic low in consumer confidence in September and significantly reduced demand for residential real estate in the second half of 2022. During this period, new development sales prices remained stable, the number of offers on the market increased but remained below the long-term average.
The situation with employment, including the number of employees in the technology sector, remained good in 2022 considering the circumstances. Although purchasing power fell considering the general price increase, rapid wage growth still helped to cope with inflation.
In addition to the objective deterioration in the availability of real estate, the market in the second half of the year was also influenced by increased and media coverage-supported deflationary expectations regarding real estate prices, which made buyers postpone their
LIVEN KODU 16 OÜ contacts
Dropdown
File a complaint
Choose the comment attribute that you think it contains:
You want to report an inappropriate comment.
Are you sure?
Are you sure you want to delete this article?