For the implementation of real estate management, in accordance with the legislative framework of good practice and quality management, a system is required that helps the processes to be arranged according to their fundamental values, criteria and functions. The study sets residential property management elements and factors influencing them. The significance of the topic is set by the developing industry and the requirement for quality and sustainable management model that includes all interested parties – owners, lessees, tenants, users on the one side, housing managers on the other and the state, local government and non-governmental organisations on the third side. The development of this sector as a whole depends on the quality of residential housing management process
Business results are determined by several factors, therefore, the companies need continuously to improve their efficiency, especially in the real estate trading market. The decisions of the market participants, particularly the decisions the government and business sector have also a large social significance. The purpose of the study is to determine particular aspects of entrepreneurship on the real estate market, in order to provide scientifically-business proposals for the companies operating in the real estate market. Several peculiarities of the industry require a more detailed study, which should be taken into account by the entrepreneurs by conducting market analysis and developing business strategy. The comparative method, historical approach method, data analysis and expert assessment method have been used in the study. The results of the study and developed recommendations can be applied to improvement of the operational efficiency and work planning of the companies operating in the industry.
In: Riga Technical University 53rd International Scientific Conference: Dedicated to the 150th Anniversary and the 1st Congress of World Engineers and Riga Polytechnical Institute / RTU Alumni: Digest
Good infrastructure historically proved to be an indispensable precondition for the sustainable economic development of the nations; however national budget restrictions are leading governments, even in developed countries, to use structural funds and private financing for infrastructure projects as they are not able to fully finance them through the government budget. The paper deals with the problem of relocation of financing sources for infrastructure development in Latvia. In the paper the authors focus on road construction industry and aggregates market as well as the industry has a huge need for raw materials: sand, gravel and granite, and searches continually for cheap sources for road construction, maintenance and repair projects, thus having negative impact on quality of works and sustainable development.
In: Riga Technical University 53rd International Scientific Conference: Dedicated to the 150th Anniversary and the 1st Congress of World Engineers and Riga Polytechnical Institute / RTU Alumni: Digest
The real estate tax policy, as well as a massive reform in the real estate mass valuation was among major reforms of the Latvian government in the financial crisis management plan. These reforms were supported by the International Monetary Fund and European Commission. One of the directions for economic recovery suggested by the lenders to Latvia was a reform of taxation system including reviewing of stagnated real property tax principles. This reform met total criticism from society, local governments, as well involved state institutions and agencies.
The biggest challenge of our time is to make energy more secure, sustainable and affordable. The challenges we face are not only related with climate change, but is very sensitive to international political disputes as well. Building sector ir the largest energy consumer in EU consuming around 40% of total energy. 12% of these building are public buildings and are considered very energy intensive since 30% of them are more than 50 years old and more than 75% of them are considered energy ineffective
The majority of residents in Latvia live in standard multi-storey residential buildings, which were constructed between 1950 and 1992. At present, these buildings are obsolete; besides, in the course of construction process the durability and reliability levels were planned to be insufficient. In Riga, residents of standard multi-storey residential buildings do not support building renovation and are passive, despite the availability of the EU and government support as well as co-financing of building renovation projects. The majority of the respondents assume that the apartment is the most significant asset of the family. Moreover, 34 % – 69 % of the participants have renovated their apartment and save resources within their apartment boundaries. Only some respondents evaluate the technical condition of communal property, but most respondents do not have information concerning resource supply and energy accounting as well as are not interested in resource saving possibilities within the building in general, and do not understand the importance of technical maintenance of the building.
In: Riga Technical University 58th International Scientific Conference "Scientific Conference on Economics and Entrepreneurship" (SCEE'2017): Proceedings
In the present study, the authors analyse and summarise the information that should be available from information systems of the government, municipalities and private sector to create new decision making tools. These instruments are basically related to the existing data collection and analysis at the lowest development planning level – the village, neighbourhood and community.
The issue of residential housing management, depending on the chosen form of the residential housing administration, is topical both from the perspective of residential building apartment owners, if apartment owners have chosen to manage the building themselves, and from the residential house manager's point of view, if the management of the residential building has been entrusted to a professional manager. This is justified by the fact that the process of residential housing maintenance and management is based on knowledge, experience and financial resources; besides, it should be carried out by meeting the existing legislative requirements of the European Union and the Republic of Latvia, as well as the interests of the apartment owners. In Latvia, in order to manage a residential building, the administrator is required to have appropriate professional education, which, according to the Law of Residential Housing Management, should be at least the 4th level of Professional Qualification accepted in Latvia (the 5th level of European Qualifications Framework, EQK, and Latvian Qualifications Framework, LQK). The topicality of the study is related to the fact that in Latvia the law stipulates that a residential housing manager should have vocational education, which can be obtained at a number of public educational institutions. In the management process owners can choose their preferred management model, but right now the Register of the Ministry of Economics does not provide full information about the professionalism of an administrator. The goal of the study is determined by the topicality of the theme – to explore the existing models of residential housing management in the Latvian market and professional capacity of specialists involved in management. Within the framework of the study, statistical, qualitative and analytical methods have been used. As at present in Latvia there is no unified system for the accounting of housing management education in the market, the research results will contribute to its development and creation.
In: Riga Technical University 53rd International Scientific Conference: Dedicated to the 150th Anniversary and the 1st Congress of World Engineers and Riga Polytechnical Institute / RTU Alumni: Digest
The main objective of energy policy is to develop sustainable energy efficiency in national and regional level. This policy is based on Latvian energy strategy, which is the highest hierarchical planning document. In every country (including the highly developed ones) there are less developed peripheral regions, and studies show that it is possible to raise more rapidly energy efficiency on a national level by improving just the underdeveloped regions. That is why the EU is developing regional programs where planning and their implementation are essentially different from planning on a state (national) level with the traditional methods. Special regional planning centers are being created for planning in the regions, carrying out also implementation of the plans by a deeper study of the potential of the local resources in the regions. Latvia is adapting and developing the model of the Sustainable Energy Community (SEC).