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Value recovery models in Baltics are complicated, but still manageable.

2010-04-27

A conference „Real Estate and Construction in Baltics“ organized by a division of Riga Managers School (RMS) was held in Riga last week. The angular points discussed at the conference such as market recovery, property restructure and distressed property management, indicates the end of market calm seen in 2009.

The annual conference in Riga was followed by nearly a hundred of participants and speakers from Latvia, Lithuania, Norway, Denmark and Russia.

“Most of property owners in Baltics experience challenges related to distressed assets in today’s economy. Value recovery models in the Baltics are complicated and time consumed, nevertheless still manageable” – says one of the conference speakers, Sigitas Jautakis, CEO of Resolution Property Management.

According to Mr. Jautakis, „international quality market valuation, standardized internal reporting processes, value recovery and comprehensive property management strategy implementation are the vital steps to survive and recover“.

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