{"id":7815,"date":"2025-04-22T10:51:47","date_gmt":"2025-04-22T07:51:47","guid":{"rendered":"https:\/\/invego.rktv.ee\/?p=7815"},"modified":"2025-05-05T14:53:59","modified_gmt":"2025-05-05T11:53:59","slug":"invego-sold-nearly-e30-million-worth-of-new-homes-last-year","status":"publish","type":"post","link":"https:\/\/invego.rktv.ee\/en\/invego-sold-nearly-e30-million-worth-of-new-homes-last-year\/","title":{"rendered":"Invego Sold Nearly \u20ac30 Million Worth of New Homes Last Year"},"content":{"rendered":"\n

Invego sold a total of \u20ac29.7 million worth of new homes in 2024 and successfully completed the Krulli Park business quarter development, which involved an investment of \u20ac74.5 million. This year, Invego forecasts its biggest growth in the residential real estate segment in Latvia.<\/strong> <\/p>\n\n\n\n

According to Invego CEO Kristjan-Thor V\u00e4hi, Estonia’s real estate market gradually revived over the past year, as confirmed by a 30% increase in the number of sales agreements signed in 2024 compared to the previous year. \u201cThese figures give us reason to expect sales growth this year,\u201d said V\u00e4hi, expressing optimism for 2025.<\/p>\n\n\n\n

The company expects a major breakthrough this year in neighboring Latvia, where, as recently as last year, the number of transactions was more than three times lower than in Estonia. \u201cEarly-year figures suggest that Invego is likely to sell more homes in Latvia than in Estonia this year,\u201d commented Kristjan-Thor V\u00e4hi, adding that Invego has already launched six large-scale residential projects in Riga and its surrounding areas.<\/p>\n\n\n\n

Last year, Invego sold and handed over 108 apartments and townhomes to new owners in the Luccaranna, Tiskreoja, and Uus-J\u00e4rvek\u00fcla residential areas. \u201cThe team did an excellent job. We consider this a very solid result, especially since it was the first year in which sales figures were not boosted by contracts signed during the boom period,\u201d explained V\u00e4hi, adding that the company\u2019s success has come from focusing on developing complete living environments. \u201cPeople are increasingly valuing what surrounds their homes\u2014nature, landscaping, playgrounds, and areas for movement and relaxation,\u201d he said.<\/p>\n\n\n\n

In the commercial real estate segment, Invego completed the \u20ac74.5 million Krulli Park business quarter by the end of 2024. It offers a total of 35,000 square meters of leasable space. The anchor tenant, Wise\u2019s Estonian headquarters, has already moved in, and the official opening of the quarter is scheduled for early summer 2025. Additionally, a new \u20ac5 million office building will be completed in Tallinn\u2019s Telliskivi district in the fall of 2025.<\/p>\n\n\n\n

In the summer of 2024, Invego launched pre-sales for its first Southern Portugal development project\u2014Silves Hills, a villa district. \u201cWe were somewhat surprised by the strong interest from Estonians in Portuguese villas. To date, over twenty villas already have owners,\u201d confirmed V\u00e4hi, adding that the international public sale of the 154-villa district began only a few months ago. Construction is set to begin this fall, and the first villas will be completed in 2027.<\/p>\n\n\n\n

Among real estate developers in Tallinn and its surrounding areas, Invego ranks second in terms of new homes sold over the past five years, with 900 homes. Its largest developments to date include the completed Vana-Peetri<\/a>, Tiskreoja<\/a>, and Tabasalu Kodu<\/a>, as well as the ongoing Luccaranna<\/a>, Uus-J\u00e4rvek\u00fcla<\/a>, and Keila Pargikodud<\/a> residential areas. The company has also developed more than 50,000 m\u00b2 of commercial space.<\/p>\n\n\n\n

In Latvia\u2019s capital Riga, Invego is developing residential areas such as Vitolu Parks<\/a>, Parka Kvartals<\/a>, Skanstes Rezidences<\/a>, and Miera<\/a>. Just outside Riga, townhouses are being developed in the Vide Ada\u017e<\/a>i and Marupes Sirds<\/a> projects. In Southern Portugal, the Silves Hills<\/a> development spans 65 hectares with 154 villas suitable for both seasonal and year-round living.<\/p>\n\n\n\n

The Invego group consists of over 30 companies in Estonia, Latvia, and Portugal, and currently has nearly 30 active development projects. Over the years, Invego has developed more than 150,000 m\u00b2 of space, with another 450,000 m\u00b2 of residential and commercial property under development. The total value of assets under Invego\u2019s management exceeds \u20ac200 million.<\/p>\n","protected":false},"excerpt":{"rendered":"Invego sold a total of \u20ac29.7 million worth of new homes in 2024 and successfully completed the Krulli Park business quarter development, which involved an investment of \u20ac74.5 million. This year, Invego forecasts its biggest growth in the residential real estate segment in Latvia. According to Invego CEO Kristjan-Thor V\u00e4hi, Estonia’s real estate market gradually […]","protected":false},"author":6,"featured_media":7808,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/invego.rktv.ee\/en\/wp-json\/wp\/v2\/posts\/7815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/invego.rktv.ee\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/invego.rktv.ee\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/invego.rktv.ee\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/invego.rktv.ee\/en\/wp-json\/wp\/v2\/comments?post=7815"}],"version-history":[{"count":3,"href":"https:\/\/invego.rktv.ee\/en\/wp-json\/wp\/v2\/posts\/7815\/revisions"}],"predecessor-version":[{"id":7885,"href":"https:\/\/invego.rktv.ee\/en\/wp-json\/wp\/v2\/posts\/7815\/revisions\/7885"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/invego.rktv.ee\/en\/wp-json\/wp\/v2\/media\/7808"}],"wp:attachment":[{"href":"https:\/\/invego.rktv.ee\/en\/wp-json\/wp\/v2\/media?parent=7815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/invego.rktv.ee\/en\/wp-json\/wp\/v2\/categories?post=7815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/invego.rktv.ee\/en\/wp-json\/wp\/v2\/tags?post=7815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}